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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
Maryland Mortgage Lender Law - Considerations of a Mortgage Servicer - Borrower's Ability to Repay
Sponsored by
Senator Rosapepe
Status
In the Senate - Hearing 3/10 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Prohibiting a mortgage servicer from making or modifying certain mortgage loans without giving due regard to the borrower's ability to repay the loans; requiring that due regard to a borrower's ability to repay include consideration of a debt-to-income ratio and verification of certain income and assets through the review of certain written documentation; and exempting certain mortgage loans from the Act.
Committees
Original:
Finance  
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): October 1, 2020
History
Legislation History
Chamber
Senate
Calendar Date
2/03/2020
Legislative Date
2/03/2020
Action
First Reading Finance
Proceedings
Chamber
Senate
Calendar Date
2/07/2020
Legislative Date
2/07/2020
Action
Hearing 3/10 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 2/03/2020 2/03/2020 First Reading Finance
Text - First - Maryland Mortgage Lender Law - Considerations of a Mortgage Servicer - Borrower's Ability to Repay
Senate 2/07/2020 2/07/2020 Hearing 3/10 at 1:00 p.m.
File Code
Subjects
Statutes
Last Updated: 9/22/2020 3:13 PM