INDEX

Science Complex, Phase II alterations and additions
Tuition assistance for Maryland National Guard

members, increased...............................

Mortgages —

Certificate of Satisfaction established as

evidence of satisfaction of a mortgage or deed

of trust.........................................

Condominium sales in foreclosure actions,

disclosure exemptions added......................

Escrow account funds held in connection with a
mortgage, provisions for commingling, combining
into a single account, and protection in

bankruptcy.......................................

Federally assisted housing, preserving the

availability and affordability of and reducing
displacement from, measures added to assist in,
and to protect against prepayment of subsidized
mortgages and termination of rental subsidy

agreements.......................................

Homeowners associations, property sales in

foreclosure actions, disclosure exemptions added.
Insurer made or acquired mortgage loans, limit on
amount of mortgage increased; participation

interest requirements altered....................

Maryland Home Financing Program, Group Home
Financing Program, Settlement Expense Loan
Program, and Homeownership Programs Fund,

provisions reorganized and modified..............

Mortgage bankers and brokers and secondary mortgage
loan licensees, real estate appraisal policies

and procedures, requirements added...............

Mortgage lenders, licensing and regulation

provisions added; existing mortgage broker/banker

licensing provisions repealed....................

Purchase money mortgage and purchase money deed of
trust, definition added to recordation tax

exemption provisions.............................

Recordation and transfer tax exemptions for

transfers between relatives, provisions clarified
Residential property loans, employment of

particular attorney or title insurance company as

condition of settlement, prohibitions added......

Talbot County -

Certification of preparation of deed, mortgage or
deed of trust by an attorney or a named party

required for recordation, provisions added.....

Tax exempt financial institutions which arrange
loans or financing for disadvantaged businesses,
supervision and examination by Bank
Commissioner, termination provisions repealed....

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