Industry Advisory / Regulatory Notice of December 18, 2020

The record

Jurisdiction

Maryland; Office of the Commissioner of Financial Regulation · Maryland

Level

Sector regulator

Authority

Executive Order 20-12-17-02 § IV (delegation to the Commissioner)

Issued

2020-12-18 Dec. 18, 2020

Effective

2020-12-17 (the Order) (read as 2020-12-17)

End

Moratorium on residential foreclosure initiation extended until January 31, 2021; thereafter the Commissioner's re-start dates governed (Ex. 037) (read as 2021-01-31)

In force

Dec. 17, 2020 to Jan. 31, 2021

Quarters

2020 Q42021 Q1

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Courts and public officesOther

Addressees

• mortgage lenders and servicers; secured parties; landlords

Functions reached

• SV servicing and foreclosure (initiation barred)
• ML mortgage lending
• CL consumer lending (repossessions restricted)
• PM property management (evictions of income-loss tenants barred)

Collection

State insurance and banking regulators AGY-ST-INSURANCE-BANKING

Operative words

On December 17, 2020, Maryland Governor Larry Hogan issued executive order number 20-12-17-02 (the 'Order') 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

Notes