2082

LAWS OF MARYLAND

Ch. 580

Section 14-104.1

Annotated Code of Maryland

(1974 Volume and 1979 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Real Property

14-104.1.

IF A BANK, MORTGAGE BANKER, SAVINGS AND LOAN
ASSOCIATION, OR ANY OTHER LENDER HAS AN APPRAISAL MADE ON
RESIDENTIAL REAL PROPERTY TO ESTABLISH A MARKET VALUE FOR
LENDING PURPOSES, THE LENDER SHALL GIVE A COPY OF THE ANY
WRITTEN APPRAISAL TO THE BUYER AND THE SELLER BORROWER ON
HIS REQUEST IF PAID FOR AND REQUESTED BY THE BORROWER PAYS
THE COST OF THE APPRAISAL. THE APPRAISAL MAY BE SUBMITTED
TO ANOTHER LENDER IF THE ORIGINAL LENDER HAS REJECTED THE
BORROWER'S LOAN APPLICATION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 20, 1980.

CHAPTER 581

(Senate Bill 951)

AN ACT concerning

Uniform Federal Lien Registration Act and
Bankruptcy Court Judgments

FOR the purpose of broadening the provisions of the Maryland
Uniform Federal Tax Lien Registration Act to allow for
registration of other types of federal liens,
conforming certain provisions and procedures to the
Uniform Federal Lien Registration Act; changing the
name of the Act; making stylistic changes; providing
for the lien effect of judgments of the United States
Bankruptcy Court for the District of Maryland; and
generally relating to federal liens.

BY repealing and reenacting, with amendments,

Article - Real Property
Section 3-401 through 3-405
Annotated Code of Maryland
(1974 Volume and 1979 Supplement)