Here’s what servicers and lenders should know about The District of Columbia’s recently passed legislation that may affect their ability to adequately assess title on certain properties in Washington, D.C.
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Two Bills that Affect Foreclosure Notices
The Maryland legislature has passed House Bill 26 (HB26) that amends the foreclosure notice provisions contained in Maryland Real Property Article 7-105.2. The legislature in Annapolis also passed House Bill 1048 (HB1048), which adds a new registration component to the Maryland foreclosure process. Once it becomes effective, the law will require the property to be registered with the states’ Department of Labor and Licensing Regulation within seven days of docketing the case.
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