MD HB1045 | 2014 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 15 2014 - 100% progression
Action: 2014-05-15 - Approved by the Governor - Chapter 634
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 15 2014 - 100% progression
Action: 2014-05-15 - Approved by the Governor - Chapter 634
Text: Latest bill text (Chaptered) [PDF]
Summary
Including escrow costs in a specified calculation to determine whether a refinance mortgage shall have, on recordation, the same lien priority as the first mortgage or deed of trust that the refinance mortgage replaces; defining "escrow costs" to mean money to pay specified costs associated with the real property secured by a refinance mortgage that a lender requires to be collected at closing and held in escrow; and applying the Act prospectively.
Title
Real Property - Lien Priority of Refinance Mortgages - Escrow Costs
Sponsors
| Del. Sam Arora [D] |
Roll Calls
2014-03-26 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2014-03-06 - House - House Floor - Third Reading Passed (135-0) (Y: 135 N: 0 NV: 1 Abs: 5) [PASS]
2014-03-06 - House - House Floor - Third Reading Passed (135-0) (Y: 135 N: 0 NV: 1 Abs: 5) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2014-05-15 | House | Approved by the Governor - Chapter 634 |
| 2014-04-05 | House | Returned Passed |
| 2014-04-04 | Senate | Third Reading Passed (47-0) |
| 2014-04-02 | Senate | Second Reading Passed |
| 2014-04-02 | Senate | Favorable Report Adopted |
| 2014-04-01 | Senate | Favorable Report by Judicial Proceedings |
| 2014-03-19 | Senate | Hearing 3/19 at 1:00 p.m. |
| 2014-03-07 | Senate | First Reading Judicial Proceedings |
| 2014-03-06 | House | Third Reading Passed (135-0) |
| 2014-03-03 | House | Second Reading Passed with Amendments |
| 2014-03-03 | House | Favorable with Amendments {770513/1 Report Adopted |
| 2014-03-03 | House | Favorable with Amendments Report by Environmental Matters |
| 2014-02-20 | House | Hearing 2/20 at 1:00 p.m. |
| 2014-02-06 | House | First Reading Environmental Matters |
