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Neutral Bill Mar 16, 2026

Credit Regulation - Reverse Mortgage Loans - Escrow Accounts

Requiring a lender for a reverse mortgage loan to establish a certain escrow account for the payment of eligible homeowner expenses, deduct a certain amount of funds from each loan distribution to a borrower, deposit the deducted funds into the escrow account, and deliver on-time payments from the escrow account to the appropriate collection entity for eligible homeowner expenses.

https://legiscan.com/MD/bill/SB831/2025
Nick Charles State Senator
Fees Property tax INSURANCE Mortgages Homeowners Associations Commercial Law - Credit Regulation Leases and Rent Escrow Accounts
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