ROBERT L. EHRLICH, JR., Governor                              Ch. 40

(iv) State the amount of consideration payable, including the
amount of any mortgage or deed of trust indebtedness assumed, or the principal
amount of debt secured;

(v) State the amount of recording charges due, including the land
records surcharge and any transfer and recordation taxes;

(vi) Identify, by citation or explanation, each claimed exemption
from recording taxes;

(vii) For an instrument effecting a change in ownership, state a tax
bill mailing address; and

(viii)  Indicate the person to whom the instrument is to be returned.

(4) An intake sheet may request any other information that the
Administrative Office of the Courts considers necessary in expediting transfers of
property or recording and indexing of instruments.

(5) A clerk may not charge any fee for recording an intake sheet.

(6) A clerk [may not] SHALL refuse to record an instrument [because]
IF it is not accompanied by an intake sheet or because it is accompanied by an intake
sheet not completed as required by paragraph (3) of this subsection.

(7) (i) An intake sheet shall be recorded immediately after the
instrument it accompanies.

(ii) The intake sheet is not part of the instrument and does not
constitute constructive notice as to the contents of the instrument.

(iii) The lack of an intake sheet does not affect the validity of any
conveyance, lien, or lien priority based on recordation of an instrument.

SECTION 2. AND BE IT FURTHER ENACTED, That the clerks of the circuit
courts, the Administrative Office of the Courts, the State Department of Assessments
and Taxation, and the local collectors of the taxes may formulate the procedure
governing recordation of instruments as authorized under this Act, so as to simplify
the procedures for recordation of instruments while ensuring the integrity of the land
and assessment records.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
January July 1, 2005.

Approved April 13, 2004.

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