MD SB334 | 2011 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on May 19 2011 - 100% progression
Action: 2011-05-19 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on May 19 2011 - 100% progression
Action: 2011-05-19 - Approved by the Governor
Text: Latest bill text (Chaptered) [PDF]
Summary
Clarifying the circumstances under which a vendor or builder of a new single-family residential unit is required to deposit money in an escrow account or obtain and maintain a surety bond or irrevocable letter of credit; authorizing the vendor or builder to make withdrawals from an escrow account that consists of sums received to finance the construction of a residential unit to pay for labor and materials; establishing that specified money shall be held in trust; etc.
Title
Real Property - Deposits on New Homes - Escrow Accounts
Sponsors
Roll Calls
2011-04-03 - House - Third Reading Passed (Y: 136 N: 0 NV: 2 Abs: 3) [PASS]
2011-03-17 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2011-03-17 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2011-05-19 | Approved by the Governor | |
| 2011-04-03 | Third Reading Passed (136-0) | |
| 2011-04-02 | Second Reading Passed | |
| 2011-04-02 | Favorable Report Adopted | |
| 2011-04-06 | Favorable Report by Environmental Matters | |
| 2011-03-29 | Hearing 3/31 at 1:30 p.m. | |
| 2011-03-29 | Hearing cancelled | |
| 2011-03-22 | Hearing 3/31 at 1:00 p.m. | |
| 2011-03-17 | First Reading Environmental Matters | |
| 2011-04-04 | Returned Passed | |
| 2011-03-17 | Third Reading Passed (47-0) | |
| 2011-03-15 | Second Reading Passed with Amendments | |
| 2011-03-15 | Favorable with Amendments Report Adopted | |
| 2011-03-14 | Favorable with Amendments Report by Judicial Proceedings | |
| 2011-02-02 | Hearing 2/16 at 1:00 p.m. | |
| 2011-02-02 | First Reading Judicial Proceedings |
Subjects
Banks and Trust Companies
Bonds
Construction
Consumer Protection
Contractors
Escrow Accounts
Housing
Liability
Security Deposits
Bonds
Construction
Consumer Protection
Contractors
Escrow Accounts
Housing
Liability
Security Deposits
