Amended Regulatory Guidance Regarding Foreclosures (April 28, 2021)

The record

Jurisdiction

Maryland; Office of the Commissioner of Financial Regulation · Maryland

Level

Sector regulator

Authority

Executive Order 20-12-17-02 § IV(c)

Issued

2021-04-28 Apr. 28, 2021

Effective

2021-04-28

End

Residential foreclosure notices of intent could resume on the July 1, 2021 Re-Start Date (read as 2021-07-01)

In force

Apr. 28, 2021 to July 1, 2021

Quarters

2021 Q22021 Q3

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Courts and public officesOther

Addressees

• mortgage lenders and servicers
• secured parties

Functions reached

• SV servicing and foreclosure (residential foreclosure initiation barred until July 1, 2021)
• ML mortgage lending
• CL closings and title (foreclosure sales)

Collection

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

Operative words

[On January 27, 2021 the] Commissioner issued Regulatory Guidance Regarding Foreclosures, specifically amending the 'Re-Start [Date' to April 1, 2021; on] February 22, 2021 the Commissioner issued Amended Regulatory Guidance Regarding Foreclosures, [moving it to May 4, 2021; on March 29, 2021 the Commissioner issued further Amended] Regulatory Guidance Regarding Foreclosures, specifically amending the 'Re-Start Date' in Section IV(c) of the Order to May 4, 2021 (the 'March 2021 Amended Regulatory Guidance')... binding Regulatory Guidance is necessary in order to prevent and reduce foreclosure of residential [property; the Re-Start Date is amended to July 1, 2021].

Enforcement

Notes