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Legislation


1999 Regular Session

HOUSE BILL 1198

File Code: Real Property
Sponsored By:
Delegate Benson
Entitled:
Residential Home Mortgages - Mortgagee's Duty to Record Satisfaction or Release

Synopsis:

Requiring a mortgagee of a residential home mortgage to take certain steps to record the satisfaction or release of the mortgage within 30 days of the date of satisfaction or release; and providing that a mortgagee who violates this requirement is guilty of a misdemeanor and subject to a fine not exceeding $5,000.

History by Legislative Date

House Action
3/8
First Reading House Rules
3/11
Re-referred Economic Matters
Hearing 3/23 at 1:00 p.m.
4/12
Unfavorable Report by Economic Matters
Senate Action
No Action
Bill indexed under the following Subjects:
CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES
MORTGAGES
PENALTIES
RECORDATION -see also- TRANSFER TAX
Bill affects the following Statutes:
Real Property
( 7-106 , 15-102 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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