---
type: "Bill"
title: "Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures"
description: "Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2025"
identifier: "SB 689"
citation: "Maryland SB 689 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Gile"]
version_count: 4
action_count: 15
vote_count: 3
first_action: "2025-01-30"
last_action: "2025-04-22"
source: "openstates"
source_identifier: "ocd-bill/166ab69a-8634-4cea-9ae2-05bf4a68f767"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0689?ys=2025RS&search=True"
source_hash: "b1259519724f52f26d1e1c6b0559330f1782e4113ce1e18a55ab6036104f4200"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 689 (2025) — Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_203_sb0689e.pdf)
2. **Enrolled - Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/bills/sb/sb0689e.pdf)
3. **First - Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/bills/sb/sb0689f.pdf)
4. **Third - Financial Institutions - Conventional Home Mortgage Loans - Assumption and Required Disclosures** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/bills/sb/sb0689t.pdf)

## Votes

- Bill is on Third Reading for Final Passage. — **42–0** (pass) · upper
- On Third Reading — **47–0** (pass) · upper
- On Third Reading (Amend) — **122–12** (pass) · lower

## Sponsors

- Gile — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-01-30** First Reading Finance `referral-committee`
- **2025-02-01** Hearing 2/20 at 1:00 p.m.
- **2025-03-12** Favorable with Amendments Report by Finance `committee-passage-favorable`
- **2025-03-13** Favorable with Amendments { `committee-passage-favorable`
- **2025-03-13** Second Reading Passed with Amendments
- **2025-03-14** Third Reading Passed `passage`
- **2025-03-15** Referred Economic Matters `referral-committee`
- **2025-04-01** Favorable with Amendments Report by Economic Matters `committee-passage-favorable`
- **2025-04-02** Favorable with Amendments { `committee-passage-favorable`
- **2025-04-02** Second Reading Passed with Amendments
- **2025-04-07** Third Reading Passed `passage`
- **2025-04-07** Senate Concurs House Amendments
- **2025-04-07** Third Reading Passed `passage`
- **2025-04-07** Passed Enrolled
- **2025-04-22** Approved by the Governor - Chapter 203 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/166ab69a-8634-4cea-9ae2-05bf4a68f767`. Confidence: reported (aggregated from official Maryland legislature records).