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Session Laws, 1995
Volume 793, Page 3334   View pdf image
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Ch. 580

1995 LAWS OF MARYLAND

(2) (i) The land records office of each county shall maintain a current
listing of recorded requests for notice of sale by holders of subordinate mortgages, deeds
of trust, or other subordinate [recorded or filed] interests. THE HOLDER OF A
SUBORDINATE MORTGAGE, DEED OF TRUST, OR OTHER SUBORDINATE INTEREST
MAY FILE A REQUEST FOR NOTICE UNDER THIS PARAGRAPH.

(ii) Each request for notice of sale shall:

1. Be recorded in a separate docket or book which shall be
indexed under the name of the holder of the superior mortgage or deed of trust and
under the book and page numbers where the superior mortgage or deed of trust is
recorded;

held;

2.       Identify the property in which the subordinate interest is

3.       State the name and address of the holder of the subordinate

interest; and

4.

A.

deed of trust;

B.

recorded; and

Identify the superior mortgage or deed of trust by stating:
The names of the original parties to the superior mortgage or

The date the superior mortgage or deed of trust was

C. The office, docket or book, and page where the superior
mortgage or deed of trust is recorded.

(iii) Failure of a holder of a subordinate mortgage, deed of trust, or
other subordinate interest to record a request for notice under this paragraph does not
affect the duty of a holder of a superior interest to provide notice as required under
[paragraph (1) of] this subsection.

(3)     The person giving notice under this subsection shall file in the action:
(i) The return receipt from the notice; or

(ii) An affidavit that:

1.       The notice provisions of this subsection have been complied
with; or

2.       The address of the holder of the subordinate interest is not
reasonably ascertainable.

(4)      [If the filing under paragraph (3) of this subsection is made before final
ratification of the sale, failure of a holder of a subordinate interest to receive the notice
does not invalidate the sale.] THE PERSON AUTHORIZED, TO MAKE A SALE IN AN
ACTION TO FORECLOSE A MORTGAGE OR DEED OF TRUST IS NOT REQUIRED TO
GIVE NOTICE TO THE HOLDER OF A SUBORDINATE MORTGAGE, DEED OF TRUST, OR
OTHER SUBORDINATE INTEREST IF:

- 3334 -

 

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Session Laws, 1995
Volume 793, Page 3334   View pdf image
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