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MD HB1312
Bill
Status
Introduced
2/7/2025
Primary Sponsor
Teresa Reilly
Click for details
AI Summary
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Requires each party in a partition action to notify the court of all outstanding liens on the property (including mortgages, deeds of trust, tax liens, and judgment liens) with supporting documentation if the plaintiff does not procure a title report
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Changes the calculation for a cotenant's buyout price by subtracting the total amount of outstanding liens from the property value before multiplying by the cotenant's fractional ownership share
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Applies only prospectively to partition actions filed on or after the effective date
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Takes effect October 1, 2025
Legislative Description
Real Property - Partition of Property - Liens
Notices
Last Action
Hearing 3/04 at 1:00 p.m. (Environment and Transportation)
2/7/2025
Committee Referrals
Environment and Transportation2/7/2025
Full Bill Text
No bill text available