2001 Regular Session

HOUSE BILL 927

File Code: Real Property
Sponsored By:
Delegates Krysiak, McIntosh, and Rosenberg
Entitled:
Real Property - Payment of Property Insurance and Taxes by Lender

Synopsis:

Requiring a lender to establish an escrow account for prorated monthly payments of real property tax and homeowners insurance if the loan is secured by a mortgage or deed of trust on the borrower's principal residence and the borrower is required to maintain mortgage insurance.

History by Legislative Date

House Action
2/9
First Reading Economic Matters
2/14
Hearing 3/1 at 1:00 p.m.
3/20
Unfavorable Report by Economic Matters
Senate Action
No Action
Sponsored by:
Delegate Carolyn J. Krysiak, District 46
Delegate Maggie L. McIntosh, District 42
Delegate Samuel I. Rosenberg, District 42
Bill indexed under the following Subjects:
ESCROW ACCOUNTS
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
MORTGAGES
PROPERTY TAX
Bill affects the following Statute:
Real Property
( 7-107.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered