COMMERCIAL AND AFFILIATED INDUSTRIES
HB 347/SB 150 Real Property – Recordation and Land Records – Requirements PASSED – Effective October 1, 2025 POSITION: Monitor This bill makes technical changes to reflect electronic filing of documents, formatting of filings, and removes outdated references. HB 1021 Real Estate Appraisers - Licensure and Certification PASSED – Effective October 1, 2025 POSITION: Support This bill exempts applicants from needing to hold a bachelor’s degree or higher to qualify for licensure as a real estate appraiser or certification as a residential real estate appraiser. HB 1151 Residential Real Property Sales – Appraisals DID NOT PASS POSITION: Support with Amendments Appraisers would have been required to consider information provided by buyers and sellers, and would have created a state process for reconsideration of appraised values for properties. HB 1516/SB 1026 Maryland Secondary Market Stability Act of 2025 PASSED – Effective Upon Enactment POSITION: Support This bill clarifies the state licensing requirements for passive trusts and other financial services providers, maintaining the ability of mortgage loans to be securitized on the secondary market. SB 218/HB 264 Professional Licenses - Suspension and Revocation for Workplace Fraud WITHDRAWN POSITION: Monitor Certain state licensing authorities would be required to suspend or revoke licensees who are reported by the Commissioner of Labor to have committed workplace fraud.
SB 689/HB 1018 Conventional Home Mortgage Loans - Assumption and Disclosures PASSED – Effective October 1, 2025 POSITION: Support with Amendments
This bill requires banking institutions, credit unions, and mortgage lenders to include a provision in all conventional home mortgage loans that allows any of the existing borrowers to assume the mortgage in the event of a divorce. This applies to both new and existing mortgages.
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