SB 1500

Abstract

Amends the Mortgage Foreclosure Article of the Code of Civil Procedure. Provides that until January 1, 2023 (rather than 2020), at the time of the filing of a foreclosure complaint, the plaintiff shall pay a fee for the Foreclosure Prevention Program Graduated Fund and the Abandoned Residential Property Municipality Relief Fund. Provides that until January 1, 2023 (rather than 2020), the plaintiff or plaintiff's representative shall file a verified statement that states which additional fee is due, unless the court has established another process to certify which additional fee is due. Provides that a specific provision is inoperative on and after January 1, 2023 (rather than 2020). Reenacts a provision regarding the judicial sale fee for the Abandoned Residential Property Municipality Relief Fund. Provides that the provisions are inoperative on January 1, 2023 (rather than 2017) and repealed on March 2, 2023 (rather than 2017). Provides that all actions taken in the collection remittance of fees before the effective date of the Act are ratified, validated, and confirmed. Effective immediately.