HB 1509

Maryland House of Delegates bill in Session 2026.

Status: introduced. Latest action: June 20, 2026.

Financial Institutions - Mortgage Servicers - Insurance Proceeds.

Bill ID MD-2026-HB-1509

Session 2026

Status introduced

Committee Economic Matters

House of Delegates introduced 2026-06-20

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
2026-06-20	Latest Action	In the House - Hearing canceled

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