2038

LAWS OF MARYLAND

Ch. 565

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND That Section(s) 7-105(b) through (e),
respectively, of Article - Real Property, of the Annotated
Code of Maryland be renumbered to be Section(s) 7-105(c)
through (f), respectively.

SECTION 2. AND BE IT FURTHER ENACTED, That section(s)
of the Annotated Code of Maryland be repealed, amended, or
enacted to read as follows:

Article - Real Property

7-105.

(B)(1) AFTER RECEIVING NOTICE BY CERTIFIED MAIL BY
THE HOLDER OF A SUBORDINATE LIEN POSITION AS TO THE
RESPECTIVE LIEN POSITION ON REAL PROPERTY SECURING A LOAN,
THE HOLDER OF ANY MORTGAGE OR DEED OF TRUST THAT HAS A
PRIORITY INTEREST IN THE PROPERTY SHALL NOTIFY THE HOLDER OF
THE SUBORDINATE LIEN ANY TIME FORECLOSURE PROCEEDINGS ARE
IMPENDING.

(2) NOTICE SHALL BE SENT BY CERTIFIED MAIL TO
THE LAST KNOWN ADDRESS OF THE HOLDER OF THE SUBORDINATE
INTEREST.

(B) THE HOLDER OF A RECORDED MORTGAGE OR OTHER
SECURITY INTEREST IN PROPERTY WHICH IS SUBJECT TO A PRIOR
MORTGAGE OR DEED OF TRUST MAY GIVE WRITTEN NOTICE TO THE
HOLDER OF ANY PRIOR MORTGAGE OR DEED OF TRUST OF THE
EXISTENCE OF THE SUBORDINATE MORTGAGE OR OTHER SECURITY
INTEREST. THE HOLDER OF ANY PRIOR MORTGAGE OR DEED OF TRUST
WHO RECEIVES SUCH NOTICE SHALL NOTIFY THE HOLDER OF THE
SUBORDINATE MORTGAGE OR SECURITY INTEREST IN WRITING OF ANY
PROPOSED FORECLOSURE SALE IN ACCORDANCE WITH THE
REQUIREMENTS OF THE MARYLAND RULES OF PROCEDURE APPLICABLE
TO THE GIVING OF NOTICE TO THE MORTGAGOR OR GRANTOR OF THE
MORTGAGE OR DEED OF TRUST BEING FORECLOSED.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 20, 1980.

CHAPTER 566
(Senate Bill 539)
AN ACT concerning

Practitioners of Medicine