Legislation

Title: Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021)
Sponsored by: Delegate Stewart
Status: In the House - Unfavorable Report by Economic Matters
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting a certain mortgage servicer from commencing or completing an action to foreclose a mortgage or deed of trust during a state of emergency and catastrophic health emergency; requiring a servicer to grant a forbearance to a borrower under certain circumstances; prohibiting a period of forbearance from lasting more than 180 days except under certain circumstances; requiring a servicer to notify a borrower of a certain right to mediation under certain circumstances; etc.

Committees

Original:: Economic Matters Click to view Recorded Media; Environment and Transportation

Committee Testimony

Witness List

Details

Cross-filed with: SB0724

Bill File Type: Regular

Effective Date(s): October 1, 2021

History

Legislation History
Chamber House Calendar Date 2/05/2021 Legislative Date 2/05/2021 Action First Reading Economic Matters Proceedings
Chamber House Calendar Date 2/05/2021 Legislative Date 2/05/2021 Action Hearing 2/24 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021) Proceedings
Chamber House Calendar Date 2/11/2021 Legislative Date 2/11/2021 Action Reassigned to Economic Matters Environment and Transportation Proceedings 10AClick to view Recorded Media
Chamber House Calendar Date 2/17/2021 Legislative Date 2/17/2021 Action Hearing canceled (Economic Matters) Proceedings
Chamber House Calendar Date 2/17/2021 Legislative Date 2/17/2021 Action Hearing 2/24 at 1:30 p.m. (Economic Matters) Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Environment and Transportation Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/10/2021 Legislative Date 4/10/2021 Action Unfavorable Report by Economic Matters Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/05/2021	2/05/2021	First Reading Economic Matters
House	2/05/2021	2/05/2021	Hearing 2/24 at 1:30 p.m.
			Text - First - Mortgage Servicers - Requirements and Prohibitions During and After a State of Emergency and Catastrophic Health Emergency (Foreclosure Relief Act of 2021)
House	2/11/2021	2/11/2021	Reassigned to Economic Matters Environment and Transportation	10AClick to view Recorded Media
House	2/17/2021	2/17/2021	Hearing canceled (Economic Matters)
House	2/17/2021	2/17/2021	Hearing 2/24 at 1:30 p.m. (Economic Matters)
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	4/10/2021	4/10/2021	Unfavorable Report by Economic Matters

File Code

Subjects

Statutes