MD HB1108 | 2022 | Regular Session
Note: Carry Foward to future HB425
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 10 2022 - 25% progression, died in committee
Action: 2022-02-11 - Hearing 3/01 at 1:00 p.m.
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 10 2022 - 25% progression, died in committee
Action: 2022-02-11 - Hearing 3/01 at 1:00 p.m.
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring the vendor to provide a purchaser under a land installment contract with the results of a title search for the property at or before the time the purchaser signs the contract; requiring the inclusion of certain notice, terms, and recitals in a land installment contract formed in the State; altering the percentage of the original cash price of a land installment contract that the purchaser must pay before the purchaser may demand a grant of the deed to the property to the purchaser; etc.
Title
Real Property - Land Installment Contracts - Requirements and Vendor Duties and Limitations
Sponsors
History
Date | Chamber | Action |
---|---|---|
2022-02-11 | House | Hearing 3/01 at 1:00 p.m. |
2022-02-10 | House | First Reading Environment and Transportation |
Same As/Similar To
HB1108 (Carry Over) 2022-02-11 - Hearing 3/01 at 1:00 p.m.
Subjects
Commerce and Business
Contracts
Disclosure
Land Records
Notices
Real Property
Revenue and Taxes
Signatures
Titles
Contracts
Disclosure
Land Records
Notices
Real Property
Revenue and Taxes
Signatures
Titles
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Real Property | 10 | 101 | (n/a) | See Bill Text |
Real Property | 10 | 102 | (n/a) | See Bill Text |
Real Property | 10 | 103 | (n/a) | See Bill Text |
Real Property | 10 | 105 | (n/a) | See Bill Text |
Real Property | 10 | 107 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1108?ys=2022RS |
Text | https://mgaleg.maryland.gov/2022RS/bills/hb/hb1108f.pdf |