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HARRY HUGHES, Governor 705
rents in escrow pending investigation and disposition of
complaints by tenants.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 10, 1983.
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CHAPTER 138
(Senate Bill 528)
AN ACT concerning
Secondary Mortgages - Accident and Health Insurance
FOR the purpose of requiring that lenders offer to borrowers
permitting lenders to collect premiums for certain accident
and health insurance covering second mortgage borrowers;
providing for certain benefits under this accident and
health insurance; providing the borrower a period to
withdraw from the insurance coverage a waiting period for
the collection of benefits in accident and health insurance
policies covering second mortgage borrowers; providing for
the payment of periodic benefits; and generally relating to
accident and health insurance to borrowers for certain
mortgage loans.
BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 12-410
Annotated Code of Maryland
(1975 Volume and 1982 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Commercial Law
12-410.
(a) Subject to the provisions of this section, a lender may
require a borrower to insure and may collect from him the
premiums paid for insurance on:
(1) Any real property securing the loan;
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(2) The life of any person obligated on the loan; and
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