Housing and Community Development - Down Payment and Settlement Expense Loan Program - Homebuyer Education Requirements
What this bill does
Altering certain homebuyer education requirements for a loan recipient in the Down Payment and Settlement Expense Loan Program in the Department of Housing and Community Development to require the loan recipient to take a homebuyer education course or complete online homebuyer education with a HUD-approved product and require the recipient to receive one-on-one counseling for a least 1 hour, in person or by phone before signing a contract for property; and requiring the Secretary to make a certain annual report by December 1.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (7)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | wilson randall, claudia | cdn | Oral + Written (PDF) |
| FAV | hurley, donna | hope | Oral + Written (PDF) |
| FAV | ellis, dan | nhs | Oral + Written (PDF) |
| FAV | Delegate Stein, Delegate Steinlegislator | Individual | Oral + Written (PDF) |
| UNF | Pickels, Hunter | Maryland DHCD | Written (PDF) |
| UNF | Green, Richard | Maryland Mortgage Bankers and Brokers Association | Written (PDF) |
| UNF | Castelli, Bill | Realtors | Oral + Written (PDF) |