Economic Matters Committee advances most bills, holds landlord-tenant fee-disclosure bill over penalty concerns

Summary

The Economic Matters Committee moved a slate of bills forward and held one (HB 80) for amendment after members raised concerns that its damages provision could impose large liabilities on landlords for honest mistakes; TEDCO testified in favor of a bill to formalize divestment procedures for state-backed investments.

The Economic Matters Committee met to consider its second voting list and advanced a majority of measures to the next stage while holding one bill for further work.

The committee moved House Bill 38 — a technical clarification for mortgage loan originators — favorable with amendments after the subcommittee explained the bill aligns practice allowing originators to sever certain relationships and work with other financial institutions. The subcommittee reported the Office of Financial Regulation reviewed the bill and recommended technical cleanup amendments, which the committee adopted and approved by voice and roll call.

The panel held House Bill 80, a landlord–tenant fee-disclosure measure sponsored by Delegate Vogel, after sustained debate about the bill’s damages provision. Committee members said the bill requires landlords to disclose fees up front and the adopted…

Economic Matters Committee advances most bills, holds landlord-tenant fee-disclosure bill over penalty concerns

Summary

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