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2005 LAWS OF MARYLAND
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Ch. 509
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(4) A JUDGMENT CREDITOR OF THE HOMEOWNER, IF THE JUDGMENT
CREDITOR'S CLAIM ACCRUED BEFORE THE WRITTEN NOTICE OF FORECLOSURE SALE
REQUIRED UNDER § 7-105(B) OF THIS TITLE IS SENT;
(5) A TITLE INSURER AUTHORIZED TO CONDUCT BUSINESS IN THE
STATE, WHILE PERFORMING TITLE INSURANCE AND SETTLEMENT SERVICES;
(6) A TITLE INSURANCE PRODUCER LICENSED IN THE STATE, WHILE
PERFORMING SERVICES IN ACCORDANCE WITH THE PERSON'S LICENSE; OR
(7) A PERSON LICENSED AS A MORTGAGE BROKER OR MORTGAGE
LENDER UNDER TITLE 11, SUBTITLE 5 OF THE FINANCIAL INSTITUTIONS ARTICLE
WHILE ACTING UNDER THE AUTHORITY OF THAT LICENSE;
(8) A PERSON LICENSED AS A REAL ESTATE BROKER ASSOCIATE REAL
ESTATE BROKER OR REAL ESTATE SALESPERSON UNDER TITLE 17 OF THE BUSINESS
OCCUPATIONS AND PROFESSIONS ARTICLE, WHILE THE PERSON ENGAGES IN ANY
ACTIVITY FOR WHICH THE PERSON IS LICENSED UNDER THOSE PROVISIONS SO
LONG AS ANY CONVEYANCE OR TRANSFER OF DEED, TITLE, OR ESTABLISHMENT OF
EQUITABLE INTEREST IS DONE THROUGH A SETTLEMENT AS DEFINED IN §
7-311(A)(5) OF THIS SUBTITLE; OR
(2) (7) (9) A NONPROFIT ORGANIZATION THAT SOLELY OFFERS
COUNSELING OR ADVICE TO HOMEOWNERS IN FORECLOSURE OR LOAN DEFAULT, IF
THE ORGANIZATION IS NOT DIRECTLY OR INDIRECTLY RELATED TO AND DOES NOT
CONTRACT FOR SERVICES WITH FOR-PROFIT LENDERS OR FORECLOSURE
PURCHASERS.
(B) THIS SUBTITLE DOES APPLY TO AN INDIVIDUAL WHO:
(1) IS FUNCTIONING IN A POSITION LISTED UNDER SUBSECTION (A) OF
THIS SECTION; AND
(2) IS ENGAGING INACTIVITIES OR PROVIDING SERVICES DESIGNED OR
INTENDED TO TRANSFER TITLE TO A RESIDENCE IN FORECLOSURE DIRECTLY OR
INDIRECTLY TO THAT INDIVIDUAL, OR AN AGENT OR AFFILIATE OF THAT
INDIVIDUAL.
7-303. RESERVED.
7-304. RESERVED.
PART II. FORECLOSURE CONSULTANTS.
7-305.
(A) IN ADDITION TO ANY OTHER RIGHT UNDER LAW TO CANCEL OR RESCIND
A CONTRACT, A HOMEOWNER HAS THE RIGHT TO:
(1) RESCIND A FORECLOSURE CONSULTING CONTRACT AT ANY TIME;
AND
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- 2994 -
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