Legislation - HB1040

Title: Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment
Sponsored by: Delegates Rosenberg and Ruff
Status: In the House - Hearing 2/25 at 1:00 p.m.
Analysis

Synopsis

Requiring regulated financial institutions to develop a community benefit plan in connection with applications to the Commissioner of Financial Regulation relating to financial services for purposes of providing safe and sound loans, and other financial products for low-and moderate-income individuals and communities and other distressed or underserved individuals and communities; requiring the Commissioner to exercise certain oversight authority relating to the adequacy of the community benefit plans and attainment of goals; etc.

Committees

Original:: Environment and Transportation

Details

Introduced in a prior session as: HB1035 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber House Calendar Date 2/05/2025 Legislative Date 2/05/2025 Action First Reading Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment Proceedings
Chamber House Calendar Date 2/05/2025 Legislative Date 2/05/2025 Action Hearing 2/25 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/05/2025	2/05/2025	First Reading Environment and Transportation
			Text - First - Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment
House	2/05/2025	2/05/2025	Hearing 2/25 at 1:00 p.m.

File Code

Subjects

Statutes