2128                                    LAWS OF MARYLAND                                 Ch. 512

REFINANCING IS NOT MORE THAN THE OUTSTANDING PRINCIPAL
AMOUNT OF THE EXISTING MORTGAGE AT THE TIME OF REFINANCING,
BY THE ORIGINAL MORTGAGOR, OF PROPERTY USED AS THE ORIGINAL
MORTGAGOR'S PRINCIPAL RESIDENCE IF THE MORTGAGOR FURNISHES A
STATEMENT THAT HE IS THE ORIGINAL MORTGAGOR, THAT THE
PROPERTY IS HIS PRINCIPAL RESIDENCE, AND SPECIFYING THE
AMOUNT OF UNPAID PRINCIPAL ON THE EXISTING MORTGAGE THAT IS
BEING FINANCED, AND THE STATEMENT SHALL BE IN THE MORTGAGE
INSTRUMENT OFFERED FOR RECORD AS PART OF ITS RECITALS OR AS
PART OF THE ACKNOWLEDGMENT, OR IN A SEPARATE AFFIDAVIT
ACCOMPANYING THE INSTRUMENT SIGNED UNDER THE PENALTIES OF
PERJURY BY THE MORTGAGOR;

2.   [mechanic's] MECHANIC'S liens,
crop liens, or security agreements relating to farm products
or equipment used in farming operations [, ];

3.   [purchase-money] PURCHASE-MONEY
mortgages [, ] ;

4.   [assignments] ASSIGNMENTS of
mortgages or deeds of trust [, ];

5.   [conditional] CONDITIONAL sales
contracts, [or] other purchase-money security agreements or
[a] security [agreement] AGREEMENTS relating to the
assignment of contract rights, accounts, general intangibles
or inventory as [these] THOSE terms are defined in the
Uniform Commercial Code; [or]

6.   [a] A filed financing statement
under the Uniform Commercial Code used to publicize any of
the [same,] INSTRUMENTS LISTED IN SUB-SUBPARAGRAPH 5. OF
THIS SUBPARAGRAPH;

7.   [judgments,] JUDGMENTS;

8.   [releases,] RELEASES;

9.   [orders] ORDERS of satisfaction;
or

10.   [a] A participation agreement
showing an interest by a party in a note, mortgage or deed
of trust based on a prior recorded loan to the mortgagor or
grantor under a deed of trust.

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of the Annotated Code of Maryland be repealed, amended, or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 81 - Revenue and Taxes

278A.