ROBERT L. EHRLICH, JR., Governor                             Ch. 410

(II)     WITH RESPECT TO THE FORECLOSURE OF A DEED OF TRUST:

1. A TRANSFER BY THE TRUSTEES, SUCCESSOR TRUSTEES,
OR SUBSTITUTED TRUSTEES UNDER THE DEED OF TRUST, OR TRUSTEES
CONDUCTING A FORECLOSURE SALE PURSUANT TO THE DEED OF TRUST TO:

A.      THE HOLDER OF THE DEBT OR OTHER OBLIGATION
SECURED BY THE DEED OF TRUST;

B.      ANY DESIGNEE, NOMINEE, OR ASSIGNEE OF THE HOLDER
OF THE DEBT SECURED BY THE DEED OF TRUST; OR

C.      ANY PURCHASER, SUBSTITUTED PURCHASER, OR
ASSIGNEE OF ANY PURCHASER OR SUBSTITUTED PURCHASER OF THE FORECLOSED
PROPERTY; AND

2. A TRANSFER BY ANY OF THE PERSONS DESCRIBED IN
ITEM 1 OF THIS SUBPARAGRAPH TO A SUBSEQUENT PURCHASER FOR VALUE; AND

(III)   WITH RESPECT TO THE FORECLOSURE OF ANY OTHER LIEN
INSTRUMENT:

1.       A TRANSFER BY THE PARTY AUTHORIZED TO MAKE THE
SALE TO:

A.      THE HOLDER OF THE DEBT OR OTHER OBLIGATION
SECURED BY THE LIEN INSTRUMENT;

B.      ANY DESIGNEE, NOMINEE, OR ASSIGNEE OF THE HOLDER
OF THE DEBT SECURED BY THE LIEN INSTRUMENT; OR

C.      ANY PURCHASER, SUBSTITUTED PURCHASER, OR
ASSIGNEE OF ANY PURCHASER OR SUBSTITUTED PURCHASER OF THE FORECLOSED
PROPERTY; AND

2.       A TRANSFER BY ANY OF THE PERSONS DESCRIBED IN
ITEM 1 OF THIS SUBPARAGRAPH TO A SUBSEQUENT PURCHASER FOR VALUE.

(b) [In every] EVERY deed or other instrument of writing REPRESENTING A
TRANSFER FOR WHICH THE PAYMENT DESCRIBED IN SUBSECTION (C) OF THIS
SECTION IS REQUIRED that effects a change of ownership on the assessment books

under the Tax - Property Article[, the total payment shall be described] SHALL

INCLUDE A DESCRIPTION OF THE TOTAL PAYMENT in:

(1) the recitals or the acknowledgment of the deed or other instrument;
or

  (2) an affidavit under oath that accompanies the deed or other
instrument and that is signed by the transferor of the property or by an agent of the
transferor.

(B) (1) FOR EVERY DEED OR OTHER INSTRUMENT OF WRITING THAT
EFFECTS A CHANGE OF OWNERSHIP ON THE ASSESSMENT BOOKS UNDER THE TAX -

- 1483 -