Legislation

Title: Housing and Community Development - Down Payment and Settlement Expense Loan Program - Homebuyer Education Requirements
Sponsored by: Delegate Stein
Status: In the House - Hearing 2/25 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering certain homebuyer education requirements for a loan recipient in the Down Payment and Settlement Expense Loan Program in the Department of Housing and Community Development to require the loan recipient to take a homebuyer education course or complete online homebuyer education with a HUD-approved product and require the recipient to receive one-on-one counseling for a least 1 hour, in person or by phone before signing a contract for property; and requiring the Secretary to make a certain annual report by December 1.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0822

Bill File Type: Regular

Effective Date(s): October 1, 2020

History

Legislation History
Chamber House Calendar Date 2/06/2020 Legislative Date 2/06/2020 Action First Reading Environment and Transportation Proceedings
Chamber House Calendar Date 2/07/2020 Legislative Date 2/07/2020 Action Hearing 2/25 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Housing and Community Development - Down Payment and Settlement Expense Loan Program - Homebuyer Education Requirements Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/06/2020	2/06/2020	First Reading Environment and Transportation
House	2/07/2020	2/07/2020	Hearing 2/25 at 1:00 p.m.
			Text - First - Housing and Community Development - Down Payment and Settlement Expense Loan Program - Homebuyer Education Requirements

File Code

Subjects

Statutes