Maryland Legal Alert for Financial Services

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Special Alert: New February 1, 2015 Effective Date For Maryland Foreclosure Forms

As discussed in our December 2014 Maryland Legal Alert, the Office of the Commissioner of Financial Regulation published new regulations to modify some of the forms required in connection with foreclosures on Maryland residential property. Industry representatives immediately expressed concern that a December 11, 2014 effective date would not provide enough time to implement the necessary forms changes. In response, the Commissioner has corrected the effective date of the new regulations to February 1, 2015. Please see the Office of the Commissioner of Financial Regulation's Advisory discussing implementation of the new regulations. We greatly appreciate the swift action by the Commissioner and his senior staff to address this matter of implementation. Please contact Margie Corwin or Bob Enten if you have questions regarding the new foreclosure regulations or the February 1, 2015 effective date.