HARRY HUGHES, Governor                                     2627

CHAPTER 497

(House Bill 1721)

AN ACT concerning

Real Property - Release of Lien

FOR the purpose of providing that under certain circumstances an
agent of a person who has a lien on real property is
required to furnish an executed release of lien on the
property; providing that an action may be brought and
liability may be assessed against a holder of a lien on real
property or an agent of a holder who fails to provide an
executed release of lien under certain circumstances; and
generally relating to the release of certain liens.

BY repealing and reenacting, with amendments,

Article - Real Property

Section 7-106(d)

Annotated Code of Maryland

(1981 Replacement Volume and 1983 Supplement)

BY adding to

Article - Real Property

Section 7-106(e)

Annotated Code of Maryland

(1981 Replacement Volume and 1983 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Real Property

7-106.

(d) Any person who has a lien on real property in this
State, OR THE AGENT OF THE LIENHOLDER, ON PAYMENT IN SATISFACTION
OF THE LIEN, on written request, shall furnish to the person
responsible for the disbursement of funds in connection with the
grant of title to that property the original copy of the executed
release of that lien. If the lien instrument is a deed of trust
the original promissory note marked "paid" or "cancelled" in
accordance with Section 3-105(d) of this article constitutes an
executed release. This release shall be mailed or otherwise
delivered to the person responsible for the disbursement of
funds:

(1) Within seven days of the receipt, by the holder
of the lien, of currency, a certified or cashier's check, or