HOUSE BILL 845

File Code: Commercial Law - Credit Regulation

Sponsored By:

Delegate Simmons

Entitled:

Mortgage Lenders - Final Mortgage Payment - Notice to Borrower

Synopsis:

Requiring specified mortgage lenders that receive payments from a borrower on a mortgage loan that includes escrowed items to send a specified notice to the borrower at a specified time; requiring the notice to be in writing and sent in a specified manner; etc.

History by Legislative and Calendar Date

House Action

2/9

First Reading Economic Matters

2/21

Hearing 3/6 at 1:00 p.m.

3/22

Unfavorable Report by Economic Matters

Senate Action

No Action

Bill indexed under the following Subjects:

Escrow Accounts

Mortgages

Notices

Bill affects the following Statutes:

Commercial Law

( 12-109.3 , 12-1026.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered