BALTIMORE, MD (January 28, 2021) – The Maryland Department of Labor’s (Labor) Office of the Commissioner of Financial Regulation today announced the extension of a moratorium on new residential foreclosures through February 28, 2021. The moratorium, originally established by the Governor’s executive order issued April 3, 2020 and continued through subsequent executive orders, was due to expire on January 31, 2021.

“Thank you to the Hogan administration and our Office of Financial Regulation for extending the foreclosure moratorium to keep Marylanders facing financial difficulties in their homes as our state continues to battle this public health and economic crisis,” said Labor Secretary Tiffany P. Robinson. “I urge all Marylanders to visit our website and view our COVID-19 Financial Relief Guide to become connected with some of the many other financial assistance programs and consumer protections that remain available for our state’s residents and their families during the pandemic.”

Maryland Commissioner of Financial Regulation Antonio P. Salazar has issued regulatory guidance to mortgage lenders, loan servicers, and collection agencies stating that the statewide reporting system for new foreclosure notices will remain closed through February 28, 2021. While the reporting system is closed, lenders are prohibited from sending a “notice of intent to foreclose” to homeowners. This notice is the first step for initiating most residential foreclosures in Maryland.

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