Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures
Sponsor: Andrew C. Pruski (District 33A)Committee: Economic MattersSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 202 (as of Dec 1, 2025)
What this bill does
Official synopsis
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.
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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 (0)
MGA witness listFAV 5FavorableFWA 4Favorable with amendmentsINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Steinwedel, William | Maryland Legal Aid Bureau | Oral + Written (PDF) |
| FAV | OMalley, Catherine | Women's Law Center | Written (PDF) |
| FAV | Cook, Margo | Individual | Oral + Written (PDF) |
| FAV | Delegate Pruski, Delegate Pruskilegislator | Individual | Oral |
| FAV | Pruski, Andrew | Individual | Oral + Written (PDF) |
| FWA | Richards, Evanlobbyist | Maryland Bankers Association | Oral + Written (PDF) |
| FWA | Enten, robert | Maryland Building Industry Assoc | Oral |
| FWA | May, Lisalobbyist | Maryland REALTORS | Written (PDF) |
| FWA | Messmer, Steven | Individual | Written (PDF) |
| INFO | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |