1344                             Laws of Maryland                      [Ch. 642

THE TITLE REPORT and shall notify the buyer , HIS AGENT
OR ATTORNEY (1) of the name or names of the insureds under
each such policy, (2) of the face amount of each such policy, (3) of
his right and opportunity to obtain SIMULTANEOUS title insur-
ance in his own favor, (4) of the additional premium that will be
required, for the purchase of the same, (5) that the buyer's title
insurance will be subject only to the contingencies and conditions
contained in the binder , TITLE REPORT, and policy, (6) his right
to review a sample of each such policy at any time after receipt of
such notice, THE FORM OF POLICY IN WHICH SAID CON-
TINGENCIES AND CONDITIONS SHALL BE INSERTED, and
(7) if his policy is not effective upon payment of premium, a clear
statement of the contingencies which must be satisfied in order to
make it effective. Any notice shall be in writing and shall be deliv-
ered immediately upon receipt of the title insurance premium.

(b)  The person who must give the notice required under sub-
section (a) of this section , BEFORE THE DISBURSEMENT OF
ANY FUNDS, shall obtain from the buyer , AT THE TIME HE
DELIVERS THE NOTICE, a statement in writing that he has
received the notice set forth in subsection (a) of this section at such
time as he delivers the required notice. AND THAT HE EITHER
DESIRES OR DOES NOT DESIRE OWNERS TITLE INSUR-
ANCE.

(c)   The original signed statement required by subsection (b) of
this section, together with a copy of the notice required by subsection
(a) of this section shall be retained by the person required to give
notice under subsection (a) of this section until issuance of the title
policy in question and thereafter shall be forwarded to and retained
by the title insurance company for a period of three (3) years. The
statement and notice shall be available for inspection by the Com-
missioner upon request.

(D)  FOR THE PURPOSES OF THIS SECTION THE TERM
"APPROVED ATTORNEY" MEANS AN ATTORNEY AT LAW
WHO IS NOT AN AGENT OF THE TITLE INSURANCE COM-
PANY, WHOSE CERTIFICATION AS TO STATUS OF TITLE,
A TITLE INSURANCE COMPANY IS WILLING TO ACCEPT
AS THE BASIS FOR ISSUANCE OF ITS TITLE INSURANCE
POLICY.

(E)  FOR THE PURPOSES OF THIS SECTION THE TERM
MORTGAGE SHALL INCLUDE DEEDS OF TRUST.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved May 24, 1971.

CHAPTER 642
(Senate Bill 142)

AN ACT to add new Section 24A to Article 23 of the Code of Public

Local Laws of Wicomico County (1959 Edition, being Article 23

of the Code of Public Local Laws of Maryland), title "Wicomico