Legislation

Title: Residential Real Estate Transactions – Escrow Agents and Trust Money
Sponsored by: Delegate Holmes
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 590
Analysis: Fiscal and Policy Note

Synopsis

Altering the definitions of "escrow agent" and "trust money" for purposes of a requirement that an escrow agent enter into a certain agreement with the seller and the buyer of residential real estate when the escrow agent agrees to hold trust money; defining "residential real estate" as real property improved by four or fewer single-family dwellings intended for human habitation and unimproved real property zoned for residential use; etc.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Opposite:: Judicial Proceedings Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2021

History

Legislation History
Chamber House Calendar Date 10/02/2020 Legislative Date 10/02/2020 Action Pre-filed Proceedings
Chamber House Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Environment and Transportation Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/26 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Residential Real Estate Transactions – Escrow Agents and Trust Money Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Environment and Transportation Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/10/2021 Legislative Date 2/10/2021 Action Favorable Report by Environment and Transportation Proceedings
Chamber House Calendar Date 2/11/2021 Legislative Date 2/11/2021 Action Favorable Adopted Second Reading Passed Proceedings 10AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Residential Real Estate Transactions – Escrow Agents and Trust Money Proceedings
Chamber House Calendar Date 2/16/2021 Legislative Date 2/16/2021 Action Third Reading Passed (130-0) Proceedings 12 Click to view Recorded Media
Chamber Senate Calendar Date 2/17/2021 Legislative Date 2/12/2021 Action Referred Judicial Proceedings Proceedings 13 Click to view Recorded Media
Chamber Senate Calendar Date 3/04/2021 Legislative Date 3/04/2021 Action Hearing 3/17 at 12:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/12/2021 Legislative Date 4/12/2021 Action Favorable Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 4/12/2021 Legislative Date 3/22/2021 Action Favorable Proceedings 47 Click to view Recorded Media
Chamber Senate Calendar Date 4/12/2021 Legislative Date 3/22/2021 Action Motion Special Order until Later Today (Senator Ferguson) Adopted Proceedings 47 Click to view Recorded Media
Chamber Senate Calendar Date 4/12/2021 Legislative Date 3/22/2021 Action Favorable Adopted Proceedings 47 Click to view Recorded Media
Chamber Senate Calendar Date 4/12/2021 Legislative Date 3/22/2021 Action Second Reading Passed Proceedings 47 Click to view Recorded Media
Chamber Senate Calendar Date 4/12/2021 Legislative Date 3/24/2021 Action Third Reading Passed (46-0) Proceedings 49 Click to view Recorded Media
Chamber House Calendar Date 4/12/2021 Legislative Date 3/30/2021 Action Returned Passed Proceedings 49 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/30/2021 Legislative Date 5/30/2021 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 590 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Residential Real Estate Transactions – Escrow Agents and Trust Money Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	10/02/2020	10/02/2020	Pre-filed
House	1/13/2021	1/13/2021	First Reading Environment and Transportation
House	12/22/2020	12/22/2020	Hearing 1/26 at 1:30 p.m.
			Text - First - Residential Real Estate Transactions – Escrow Agents and Trust Money
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	2/10/2021	2/10/2021	Favorable Report by Environment and Transportation
House	2/11/2021	2/11/2021	Favorable Adopted Second Reading Passed	10AClick to view Recorded Media
			Text - Third - Residential Real Estate Transactions – Escrow Agents and Trust Money
House	2/16/2021	2/16/2021	Third Reading Passed (130-0)	12 Click to view Recorded Media
Senate	2/17/2021	2/12/2021	Referred Judicial Proceedings	13 Click to view Recorded Media
Senate	3/04/2021	3/04/2021	Hearing 3/17 at 12:30 p.m.
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	4/12/2021	4/12/2021	Favorable Report by Judicial Proceedings
Senate	4/12/2021	3/22/2021	Favorable	47 Click to view Recorded Media
Senate	4/12/2021	3/22/2021	Motion Special Order until Later Today (Senator Ferguson) Adopted	47 Click to view Recorded Media
Senate	4/12/2021	3/22/2021	Favorable Adopted	47 Click to view Recorded Media
Senate	4/12/2021	3/22/2021	Second Reading Passed	47 Click to view Recorded Media
Senate	4/12/2021	3/24/2021	Third Reading Passed (46-0)	49 Click to view Recorded Media
House	4/12/2021	3/30/2021	Returned Passed	49 Click to view Recorded Media
Post Passage	5/30/2021	5/30/2021	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 590
			Text - Chapter - Residential Real Estate Transactions – Escrow Agents and Trust Money

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Subjects

Statutes