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MarylandSB 09392026 Regular SessionSenateWALLET

Bankruptcy Proceedings - Exemptions From Execution - Residential Real Property

Sponsored By: Shaneka Henson (Democratic)

Signed by Governor

Civil Actions and ProceduresReal PropertyBankruptcyCondominiumsConsumer Price IndexCooperative AssociationsDisabilitiesElderly Persons (65+) -see also- Elder Abuse and NeglectEstates and Trusts -see also- BeneficiariesExemptionsMobile and Manufactured HomesResidential Property -see also- Apartments; CondominiumsVeterans

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Judgments: protect $150K home ($300K seniors)

Beginning June 1, 2026, Maryland protects part of your owner‑occupied home from judgment collection. The exempt amount is $150,000 for an individual, or $300,000 if you are at least 65. This covers condos, co‑op property you live in, manufactured homes, and a home in your revocable trust. Starting October 1, 2027, and every three years after, these amounts rise with inflation and round to the nearest $25. For fiscal year 2028 and each year after, the statute also updates the dollar amounts by last year’s CPI and rounds to the nearest $25.

Bankruptcy: protect $125K home equity

Beginning June 1, 2026, if you file bankruptcy in Maryland, you can protect up to $125,000 of equity in your owner‑occupied home. You can also protect up to $5,000 in personal property. If more than one person in the same case claims the home exemption, the total for that property cannot be more than $125,000, and both spouses cannot claim it in the same case. You cannot use the home exemption on a property if you, your spouse, child, child’s spouse, parent, sibling, grandparent, or grandchild used it on that same property in the last 8 years. The home exemption covers condos, manufactured homes converted to real property, and a home held for you in a revocable trust.

Sponsors & Cosponsors

Sponsor

  • Shaneka Henson

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 217 • No: 7

House vote • 4/13/2026

Third Reading Passed

Yes: 128 • No: 7 • Other: 5

Senate vote • 4/13/2026

Third Reading Passed

Yes: 45 • No: 0 • Other: 2

Senate vote • 3/19/2026

Third Reading Passed

Yes: 44 • No: 0 • Other: 1

Actions Timeline

  1. Approved by the Governor - Chapter 400

    5/12/2026

  2. Passed Enrolled

    4/13/2026Senate

  3. Third Reading Passed (45-0)

    4/13/2026Senate

  4. Senate Concurs House Amendments

    4/13/2026Senate

  5. Third Reading Passed (128-7)

    4/13/2026House

  6. Second Reading Passed with Amendments

    4/11/2026House

  7. Favorable with Amendments {903329/1 Adopted

    4/11/2026House

  8. Favorable with Amendments Report by Economic Matters

    4/11/2026House

  9. Hearing 4/02 at 2:30 p.m.

    4/2/2026House

  10. Hearing canceled

    4/2/2026House

  11. Hearing 4/02 at 1:30 p.m.

    4/2/2026House

  12. Hearing canceled

    4/2/2026House

  13. Hearing 4/02 at 1:00 p.m.

    3/24/2026House

  14. Referred Economic Matters

    3/20/2026House

  15. Third Reading Passed (44-0)

    3/19/2026Senate

  16. Second Reading Passed with Amendments

    3/18/2026Senate

  17. Favorable with Amendments {223328/1 Adopted

    3/18/2026Senate

  18. Favorable with Amendments Report by Judicial Proceedings

    3/18/2026Senate

  19. Hearing 3/05 at 1:00 p.m.

    2/12/2026Senate

  20. First Reading Judicial Proceedings

    2/6/2026Senate

Bill Text

  • Enacted

    5/12/2026

    PDF

  • Enrolled

    4/13/2026

    PDF

  • Third Reading

    3/18/2026

    PDF

  • First Reading

    2/6/2026

    PDF

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