Legislation

Title: Real Property - Lien Priority of Refinance Mortgages - Exception for Government Junior Mortgages
Sponsored by: Delegate Holmes
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 163
Analysis: Fiscal and Policy Note

Synopsis

Establishing that a certain provision of law authorizing a mortgagor or grantor to refinance the indebtedness secured by a first mortgage or deed of trust without obtaining permission from the holder of a certain junior lien does not apply to a junior lien securing a loan made by a state or local government agency with a 0% interest rate; and providing for the prospective application of the Act.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Opposite:: Judicial Proceedings

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): June 1, 2020

By Request of the Governor

History

Legislation History
Chamber House Calendar Date 1/20/2020 Legislative Date 1/20/2020 Action First Reading Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Property - Lien Priority of Refinance Mortgages - Exception for Government Junior Mortgages Proceedings
Chamber House Calendar Date 1/21/2020 Legislative Date 1/21/2020 Action Hearing 2/11 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Environment and Transportation Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/24/2020 Legislative Date 2/24/2020 Action Favorable Report by Environment and Transportation Proceedings
Chamber House Calendar Date 2/25/2020 Legislative Date 2/25/2020 Action Favorable Adopted Second Reading Passed Proceedings 35 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Real Property - Lien Priority of Refinance Mortgages - Exception for Government Junior Mortgages Proceedings
Chamber House Calendar Date 2/27/2020 Legislative Date 2/27/2020 Action Third Reading Passed (137-0) Proceedings 37 Click to view Recorded Media
Chamber Senate Calendar Date 2/28/2020 Legislative Date 2/28/2020 Action Referred Judicial Proceedings Proceedings 38 Click to view Recorded Media
Chamber Senate Calendar Date 3/09/2020 Legislative Date 3/09/2020 Action Hearing 3/17 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/15/2020 Legislative Date 3/15/2020 Action Hearing canceled Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/18/2020 Action Favorable Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/14/2020 Action Favorable Adopted Proceedings 53AClick to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/14/2020 Action Second Reading Passed Proceedings 53AClick to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Third Reading Passed (45-0) Proceedings 53CClick to view Recorded Media
Chamber House Calendar Date 3/18/2020 Legislative Date 3/16/2020 Action Returned Passed Proceedings 53 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/08/2020 Legislative Date 5/08/2020 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 163 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Real Property - Lien Priority of Refinance Mortgages - Exception for Government Junior Mortgages Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/20/2020	1/20/2020	First Reading Environment and Transportation
			Text - First - Real Property - Lien Priority of Refinance Mortgages - Exception for Government Junior Mortgages
House	1/21/2020	1/21/2020	Hearing 2/11 at 1:00 p.m.
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	2/24/2020	2/24/2020	Favorable Report by Environment and Transportation
House	2/25/2020	2/25/2020	Favorable Adopted Second Reading Passed	35 Click to view Recorded Media
			Text - Third - Real Property - Lien Priority of Refinance Mortgages - Exception for Government Junior Mortgages
House	2/27/2020	2/27/2020	Third Reading Passed (137-0)	37 Click to view Recorded Media
Senate	2/28/2020	2/28/2020	Referred Judicial Proceedings	38 Click to view Recorded Media
Senate	3/09/2020	3/09/2020	Hearing 3/17 at 1:00 p.m.
Senate	3/15/2020	3/15/2020	Hearing canceled
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/18/2020	3/18/2020	Favorable Report by Judicial Proceedings
Senate	3/18/2020	3/14/2020	Favorable Adopted	53AClick to view Recorded Media
Senate	3/18/2020	3/14/2020	Second Reading Passed	53AClick to view Recorded Media
Senate	3/18/2020	3/15/2020	Third Reading Passed (45-0)	53CClick to view Recorded Media
House	3/18/2020	3/16/2020	Returned Passed	53 Click to view Recorded Media
Post Passage	5/08/2020	5/08/2020	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 163
			Text - Chapter - Real Property - Lien Priority of Refinance Mortgages - Exception for Government Junior Mortgages

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Statutes