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Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Commercial Law - Credit Regulation - Reverse Mortgage Loans Act - Revisions
Sponsored by
Delegate Adams
Status
In the House - Withdrawn by Sponsor
Analysis
Fiscal and Policy Note
Synopsis
Requiring that a borrower of a reverse mortgage loan be at least 60 years old and occupy the dwelling that secures the reserve mortgage loan as a principal residence; requiring a certain lender or an arranger of financing to provide a prospective borrower certain documents at certain times; requiring a certain lender to provide to the borrower a certain statement by January 31 each year and a certain disclosure at certain times; etc.
Details
Cross-filed with: SB0457
Bill File Type: Regular
Effective Date(s): October 1, 2021
Legislation History
Chamber
House
Calendar Date
2/08/2021
Legislative Date
2/08/2021
Action
First Reading Economic Matters
Proceedings
Chamber
House
Calendar Date
2/09/2021
Legislative Date
2/09/2021
Action
Hearing 3/03 at 1:30 p.m.
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Vote - House - Committee - Economic Matters
Proceedings
Click to view Recorded Media
Chamber
House
Calendar Date
4/10/2021
Legislative Date
4/10/2021
Action
Withdrawn by Sponsor
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
House 2/08/2021 2/08/2021 First Reading Economic Matters
House 2/09/2021 2/09/2021 Hearing 3/03 at 1:30 p.m.
Text - First - Commercial Law - Credit Regulation - Reverse Mortgage Loans Act - Revisions
Vote - House - Committee - Economic Matters Click to view Recorded Media
House 4/10/2021 4/10/2021 Withdrawn by Sponsor
Age
Last Updated: 4/10/2021 12:44 PM
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