HB 1018 Maryland House of Delegates · 2025 Regular Session

Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures

HB 1018 requires banks and credit unions to include a specific provision in conventional home mortgage loans (not government-insured loans) that allows one borrower to take over the other’s share of the mortgage during an absolute divorce. It mandates that lenders provide written disclosure of this provision to loan applicants before they complete their application. The bill applies only to conventional mortgages not already required by law to be assumable in divorce cases. This change aims to simplify property division for divorcing couples by standardizing the assumption process in loan terms.

Bill status signed all 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

House of Delegates Passage

Apr 2025

Senate Passage

Apr 2025

Signed into Law

Apr 2025

Introduced Feb 3, 2025 Signed Apr 22, 2025

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What changed between versions

Third - Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures → Enrolled - Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures · 3 edits · Apr 22, 2025

MINOR

The bill has been finalized and enrolled for the Governor's signature, changing its status from a proposed House bill to an official state law. The substantive policy content regarding mortgage assumptions for divorcing couples remains unchanged, as the text of the new law is identical to the previous version.

Scope change

The bill's scope has not changed; it now carries the full legal weight of an enrolled bill rather than a draft proposal.

TECHNICAL

Updated the document header to reflect that the bill is now 'Enrolled' and ready for the Governor's approval, replacing the 'House Bill' designation.

Removed internal legislative tracking codes, committee report notes, and procedural history (such as dates of introduction and committee assignments) that are no longer relevant once the bill is finalized.

Added formal proofreading signatures and the Great Seal presentation language required for an enrolled bill.

Floor votes · Senate Mar 17, 2025 · House of Delegates Mar 24, 2025

How they voted

46–0

Passed

Total votes 46

Mar 17, 2025

D Democratic33

33 Yea

100% Yea

R Republican13

13 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 22, 2025

Signed into law

Approved by the Governor - Chapter 202

executive

Apr 7, 2025

Lower · Passed

Passed Enrolled

lower

Apr 7, 2025

Lower · Passed

Third Reading Passed

lower

Apr 7, 2025

Introduced

House Concurs Senate Amendments

lower

Apr 3, 2025

Upper · Passed

Third Reading Passed

upper

Apr 3, 2025

Upper · Passed

Favorable with Amendments {

upper

Apr 3, 2025

Upper · Passed

Favorable with Amendments Report by Finance

upper

Mar 24, 2025

House Of Delegates · Passed

House of Delegates Vote: pass (122-15-2)

house of delegates

Mar 17, 2025

Senate · Passed

Senate Vote: pass (46-0)

senate

Mar 12, 2025

Committee

Referred Finance

upper

Mar 11, 2025

Lower · Passed

Third Reading Passed

lower

Mar 5, 2025

Introduced

Floor Amendment {

lower

Mar 4, 2025

Lower · Passed

Motion Special Order until 03/05 (Delegate Griffith) Adopted

lower

Mar 4, 2025

Lower · Passed

Favorable Adopted

lower

Mar 3, 2025

Lower · Passed

Favorable Report by Economic Matters

lower

Feb 3, 2025

Committee

First Reading Economic Matters

lower

1 primary · 0 co-sponsors