HB 1018 Financial Institutions Conventional Home Mortgage Loans Assumption and Required Disclosures
Maryland 2025 Regular Session
Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures
HB-1018
About HB-1018
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.
Bill Texts
Engrossed 03/05/2025
Introduced 02/04/2025
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