HB1018: Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures
Legislative Summary
Requiring banking institutions, credit unions, mortgage lenders, mortgage lending businesses, and mortgage loan originators to include a certain provision in certain conventional home mortgage loans authorizing a certain borrower to purchase the property interest of a certain borrower in connection with a decree of absolute divorce if the lending entity determines that the assuming borrower qualifies for the loan; applying certain provisions of the Act retroactively; etc.
Demographic Impact
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Bill History
Amendments
Favorable with Amendments 103328/1 Adopted
Favorable with Amendments 103328/1 Adopted
Floor Amendment 833926/1 (Delegate Griffith) Rejected (37-96)
Floor Amendment 833926/1 (Delegate Griffith) Rejected (37-96)
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
