{"id":"AGY-ST-INSURANCE-BANKING-036","kind":"order","level":"sector-regulator","jurisdiction":"Maryland; Office of the Commissioner of Financial Regulation","state":"MD","metro":"","industry":"","agency":"ST-INSURANCE-BANKING","eco":"","issuer":"Commissioner of Financial Regulation","authority":"Executive Order 20-12-17-02 § IV (delegation to the Commissioner)","instrument":"Industry Advisory / Regulatory Notice of December 18, 2020","title":"New Foreclosure Update: Executive Order 20-12-17-02 Issued by Governor Hogan","dateIssued":"2020-12-18","effective":"2020-12-17 (the Order)","end":"Moratorium on residential foreclosure initiation extended until January 31, 2021; thereafter the Commissioner\u0027s re-start dates governed (Ex. 037)","startDate":"2020-12-17","endDate":"2021-01-31","quarters":["2020Q4","2021Q1"],"types":["CRT","OTHER"],"addressees":["mortgage lenders and servicers; secured parties; landlords"],"clause":"On December 17, 2020, Maryland Governor Larry Hogan issued executive order number 20-12-17-02 (the \u0027Order\u0027) amending and restating the previous executive orders issued April 3, 2020, number 20-04-03-01... The Order generally continues previously announced consumer protections while extending the existing moratorium on foreclosures until January 31, 2021, and granting the Commissioner, under certain [conditions, authority to set the re-start date].","enforcement":"Md. Code, Pub. Safety § 14-3A-05 (violation of emergency orders); Real Prop. § 7-105.1","functions":["SV servicing and foreclosure (initiation barred)","ML mortgage lending","CL consumer lending (repossessions restricted)","PM property management (evictions of income-loss tenants barred)"],"notes":"This advisory is the regulator\u0027s own implementing notice.","sourceUrl":"https://www.dllr.state.md.us/finance/advisories/advisory-foreclosureeo122020.pdf","snapshot":"","fileExists":true,"fileBytes":477230,"grade":"primary","character":"","description":"","collection":"AGY-ST-INSURANCE-BANKING","url":"/library/AGY-ST-INSURANCE-BANKING-036","exhibitUrl":"/exhibit/AGY-ST-INSURANCE-BANKING-036","citation":"Commissioner of Financial Regulation, Industry Advisory / Regulatory Notice of December 18, 2020 (Dec. 18, 2020) (Ex. AGY-ST-INSURANCE-BANKING-036)","stateName":"Maryland","related":[]}