HUD Suspends Mortgage Insurance Rate Cut for FHA Loans
The Mortgage Insurance Rate Cut for FHA-insured mortgages was suspended indefinitely by HUD. The rate reduction was scheduled to take effect January 27th.
Septic Legislation HB 281/SB 266
MAR opposes HB 281/SB 266 which expands the Best Available Technology (BAT) septic systems outside of Maryland's Critical Areas.
Homebuyer Savings Accounts
MAR is supporting legislation that will create tax-free homebuyer savings accounts. The accounts would only apply to state taxes.
Automatic Fire Sprinklers
MAR is supporting legislation to provide assistance to some homebuyers buying new property with automatic fire sprinklers.
Open House Legislation
MAR is supporting legislation to give seller's agents the ability to discuss other properties with buyers at open houses.
Septic Rule Changes Take Effect November 24th
A regulation limiting Best Available Technology (BAT) septic systems will take effect on November 24th, 2016.
MAR Supports Septic Regulation
The Maryland Association of REALTORS® (MAR) submitted a comment letter to the Maryland Department of Environment in support of a proposed septic regulation. MAR believes the regulation will improve housing affordability, preserve important pollution protections, and strengthen the legal authority for the current septic program.
Helpful Maryland County Local Government and Code Links
One stop research page with Maryland County and Code links via Maryland Manual.
Governor Announces Plan to Roll Back Septic Rule
UPDATED (083016) - Governor Hogan announced plans to roll back regulations that require best available technology (BAT) septic systems for most new homes in Maryland.
Thank You Maryland REALTORS Who Responded!
Due to the overwhelming response from REALTORS across the country contacting their Senators, we are excited to report that H.R. 3700 passed the U.S. Senate on July 14, 2016! Thank you for your support on this important legislative issue! Read more about this victory: NAR-Backed Condo Legislation Passes U.S. Senate, Offers Relief for Homebuyers