File Code: Real Property
- Sponsored By:
-
Delegates Smigiel, Boteler, Boutin, Cryor, Donoghue, Dwyer,
Elmore, Goldwater, Haddaway, Hubbard, James, Leopold, McDonough,
Morhaim, Nathan-Pulliam, Oaks, Rudolph, Sossi, V. Turner, Walkup, and
Weldon
- Entitled:
-
Credit Regulation - Residential Mortgages and Deeds of Trust -
Prepayment
Repealing a provision that allows a loan contract to expressly
prohibit a borrower from prepaying all or part of specified
outstanding unpaid indebtedness at any time; and authorizing a
borrower to prepay all or part of specified outstanding unpaid
indebtedness at any time without a penalty.
House Action
- 2/6
- First Reading Economic Matters
- 2/25
- Hearing 3/9 at 1:00 p.m.
- 4/5
- Unfavorable Report by Economic Matters
Senate Action
- No Action
- Sponsored by:
- Delegate Michael D. Smigiel, Sr., District 36
- Delegate Joseph C. Boteler, III, District 8
- Delegate Charles R. Boutin, District 34A
- Delegate Jean B. Cryor, District 15
- Delegate John P. Donoghue, District 2C
- Delegate Donald H. Dwyer, Jr., District 31
- Delegate D. Page Elmore, District 38A
- Delegate Marilyn R. Goldwater, District 16
- Delegate Jeannie Haddaway, District 37B
- Delegate James W. Hubbard, District 23A
- Delegate Mary-Dulany James, District 34A
- Delegate John R. Leopold, District 31
- Delegate Pat McDonough, District 7
- Delegate Dan K. Morhaim, District 11
- Delegate Shirley Nathan-Pulliam, District 10
- Delegate Nathaniel T. Oaks, District 41
- Delegate David D. Rudolph, District 34B
- Delegate Richard A. Sossi, District 36
- Delegate Veronica Turner, District 26
- Delegate Mary Roe Walkup, District 36
- Delegate Richard B. Weldon, Jr., District 3B
- Bill indexed under the following Subjects:
- CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- LOANS -see also- MORTGAGES
- MORTGAGES
- PENALTIES
- Bill affects the following Statute:
- Commercial Law
- (
12-126
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered