MD HB523

Foreclosure actions on residential property (4 or fewer single-family units) must be commenced within 10 years after the date of the last payment made on the mortgage or deed of trust

Secured parties that acquired debt already in default for 5 or more years before acquisition must present additional documentation required under Courts Article § 5-1203(B) when filing to foreclose

Existing law requires foreclosure actions wait at least 90 days after default or 45 days after notice of intent to foreclose is sent, whichever is later

The bill takes effect June 1, 2026