Housing

HB 1098 expands bankruptcy exemptions for Maryland residents by including residential property held in a revocable trust as eligible for protection. It increases the exemption cap for individuals aged 60+ with disabilities or veteran status to $300,000 (adjusted annually for inflation), while maintaining a $150,000 cap for other filers. The law automatically adjusts these amounts each year based on the Consumer Price Index, rounded to the nearest $25. This directly affects Maryland bankruptcy debtors owning homes - either directly or through revocable trusts - who qualify under the new or adjusted exemption thresholds.

HB 543 allows landlords to charge up to two months' rent as a security deposit if a tenant operates a family child care home (defined as caring for up to eight children in a residence). It prohibits landlords from unreasonably restricting or banning such homes on single-family rental properties and shields landlords from civil liability related to the child care operation. Tenants must provide written notice 60 days before starting, share their child care registration, and supply insurance naming the landlord and property owners as additional insureds. The bill also requires tenants to notify landlords immediately if they stop operating the home and permits landlords to mandate $1 million liability insurance coverage.