MARVIN MANDEL, Governor

2329

ESCROW ACCOUNT; OR

(1) MAY, AFTER AN APPROPRIATE HEARING, ORDER
THAT SOME OR ALL MONEYS IN THE ESCROW ACCOUNT BE
DISBURSED TO PAY ANY [[MORTGATE]] MORTGAGE OR DEED OF
TRUST ON THE PROPERTY IN ORDER TO STAY A FORECLOSURE; OR

(5)    MAY, AFTER A HEARING, IF ONE IS
REQUESTED BY THE TENANT, ORDER, IF NO REPAIRS ARE MADE OR
IF NO GOOD FAITH EFFORT TO REPAIR IS MADE WITHIN SIX
MONTHS OF THE INITIAL DECISION TO PLACE MONEY IN THE
ESCROW ACCOUNT, THAT THE MONEYS IN THE ESCROW ACCOUNT BE
DISBURSED TO THE TENANT. SUCH AN ORDER WILL NOT
DISCHARGE THE RIGHT ON THE PART OF THE TENANT TO PAY RENT
INTO COURT AND AN APPEAL WILL STAY THE FORFEITURE; OR

(6)    MAY, AFTER AN APPROPRIATE HEARING, ORDER
THAT THE MONEYS IN THE ESCROW ACCOUNT BE DISBURSED TO THE
LANDLORD IF THE TENANT DOES NOT REGULARLY PAY, INTO THAT
ACCOUNT, THE RENT OWED.

(O) IN THE EVENT ANY COUNTY OR BALTIMORE CITY IS
SUBJECT TO A PUBLIC LOCAL LAW OR HAS ENACTED AN ORDINANCE
OR ORDINANCES COMPARABLE IN SUBJECT MATTER TO THIS ACT,
COMMONLY REFERRED TO AS A "RENT ESCROW LAW", ANY SUCH
ORDINANCE OR ORDINANCES SHALL SUPERCEDE THE PROVISIONS OF
THIS SECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 415

(House Bill 157)

AN ACT concerning

Income Taxes — Penalty and Interest

FOR the purpose of providing that no interest may be
charged on the penalties assessed for nonpayment or
late payment of certain taxes; providing for
increasing a certain rate of interest; and providing
for the application of this Act.

BY repealing

Article 81 — Revenue and Taxes