HOUSE BILL 565

File Code: Real Property

Sponsored By:

Delegate Schisler

Entitled:

Real Property - Recording - Memorandum of Security Instrument

Synopsis:

Authorizing a memorandum of security instrument to be recorded in the land records in lieu of a mortgage or deed of trust; requiring a memorandum of security instrument to contain specified information; requiring the lender to give the borrower a copy of the signed security instrument; and requiring the lender or the lender's successor in interest to keep the original security instrument until the loan secured by the security instrument has been paid in full.

History by Legislative Date

House Action

2/6

First Reading Environmental Matters

2/10

Hearing 2/27 at 1:00 p.m.

3/17

Withdrawn

Senate Action

No Action

Bill indexed under the following Subjects:

DEEDS

LAND RECORDS -see also- DEEDS

MORTGAGES

Bill affects the following Statute:

Real Property

( 3-101 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered