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A Maryland Ruling Threatens to Upset Virtually All Residential Securitization Trusts

Lawyers and financial experts are still trying to understand the implications.

By Erik Sherman | January 21, 2025 at 07:01 AM

Maryland has established itself as a center of frustration for commercial real estate. Last year, Montgomery County and Prince George’s County passed rent control that limited rent increases on both occupied and unoccupied units. It means landlords can’t necessarily increase rents on new leases to make up for ongoing tenancies.

And yet, that’s nothing compared to the latest issue. A 2024 Maryland appellate court decision said that a home equity line of credit was subject to licensing. On January 10, 2025, the Maryland Office of Financial Regulation issued a note of emergency regulations and formal guidance, according to KBRA.

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