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HB 1509

Maryland House of Delegates bill in Session 2026.

Status: introduced. Latest action: April 24, 2026.

Financial Institutions - Mortgage Servicers - Insurance Proceeds.

Bill ID MD-2026-HB-1509
Session 2026
Status introduced
Committee Economic Matters
House of Delegates introduced 2026-04-24
Insurance / Consumer Protection
Summary

Requiring a mortgage servicer that receives certain insurance proceeds to deposit the proceeds into a certain interest bearing account; requiring a borrower to elect the use of the interest earnings on the insurance proceeds; requiring certain interest earnings to begin accruing by a certain date; authorizing a mortgage servicer to charge a fee for disbursement of interest earnings subject to certain limitations; and requiring certain methods and procedures for disbursement of insurance proceeds and interest earnings.

Sponsor
Delegate Roberts
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-13 Introduced Bill introduced
2026-02-13 Status introduced
2026-04-24 Latest Action In the House - Hearing canceled
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