J. MILLARD TAWES, GOVERNOR                              1569

CHAPTER 853
(House Bill 164)

AN ACT to add new Section 30B to Article 66 of the Annotated Code
of Maryland (1957 Edition and 1960 Supplement), title "Mort-
gages", sub-title "In General", to follow immediately after Section
30A thereof, to require mortgagees AND TRUSTEES OF DEEDS
OF TRUST of any property located in the State to pay real prop-
erty taxes on the mortgaged property at the earliest A SPECIFIED
time, subject to conditions, and to provide for the effect of failure
by a mortgagee OR TRUSTEE to comply with this Act.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 30B be and it is hereby added to Article 66 of the
Annotated Code of Maryland (1957 Edition and 1960 Supplement),
title "Mortgages", sub-title "In General", to follow immediately after
Section 30A thereof, and to read as follows:

30B. In the case of a mortgage OR A DEED OF TRUST on any
real or leasehold property located within the State in which the
mortgagee OR TRUSTEE assumes responsibility BY THE COLLEC-
TION OF TAXES THROUGH AN EXPENSE ACCOUNT
ARRANGEMENT for payment of the real estate taxes on the mort-
gaged property, the mortgagee OR TRUSTEE shall pay the said taxes
at the earliest time when the WITHIN FORTY-FIVE DAYS FROM
THE FIRST DUE DATE, OR RECEIPT OF THE TAX BILL BY
THE MORTGAGEE OR TRUSTEE ON THE MORTGAGED PROP-
ERTY, WHICH EVER OCCURS LAST taxes be paid, provided the
mortgagee OR TRUSTEE has sufficient funds of the mortgagor on
hand at said earliest date in order DATE THAT HAD BEEN COL-
LECTED to pay the taxes. Any mortgagee OR TRUSTEE having
sufficient funds available for the payment of taxes and failing to pay
at the earliest time as provided herein, shall be required to give the
mortgagor a credit for the difference between the amount of taxes
due if paid at the earliest possible time THE TIME AS PROVIDED
HEREIN and the amount of taxes actually paid by the mortgagees
OR TRUSTEE.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1961.

Approved May 3, 1961.

CHAPTER 854
(House Bill 484)

AN ACT to add a new section 32D to Article 26 of the Annotated Code
of Maryland (1957 Edition and 1960 Supplement), title "Courts",

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.