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Financial Services Law Insights and Observations

Maryland regulator amends guidance regarding foreclosures

State Issues Covid-19 Maryland Mortgages Foreclosure

State Issues

On March 29, the Maryland commissioner of financial regulation issued amended regulatory guidance extending the prohibition of the initiation of foreclosures through May 3, 2021. The “re-start date” for the initiation of residential foreclosures will be May 4, 2021. The guidance is issued pursuant to the Maryland governor’s executive order 20-12-17-02, which amended and restated previous executive orders covered herehere, and here.