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Martin O'Malley, Governor Ch. 20
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(d) Before the settlement agent, title insurer, or lawyer
may record a statutory release affidavit under this section. that
person shall:
(1) Allow at least a 60-pay waiting period from the date
the mortgage. deed of trust, or lien instrument is paid fully or
satisfied for the party satisfied to provide a release suitable for
recording:
(2) Send by certified mail, with or without a return
receipt, to the party satisfied:
(I) A copy of this section:
(ii) a copy of the proposed statutory release
affidavit that the person intends to record: and
(iii) a notice that unless a release suitable for
recording is provided within 30 days. the person will obtain a
release in accordance with the provisions of this section:
(3) after the mailing of the notice under item (2) of this
subsection, allow an additional waiting period of at least 30 days
for the party satisfied to provide a release suitable for recording.
(e) a statutory release affidavit recorded under this
section shall:
(1) be in substantially the following form:
"Statutory Release Affidavit
i hereby declare or affirm. under the penalties of perjury, that:
(1) on (insert date), i caused to be paid off the debt secured
by the mortgage, deed of trust, or lien instrument, found in
liber/book_, at folio/page_, in the land records of
_County/Baltimore City, Maryland.
(2) i obtained a written payoff statement from the person to
whom the debt was owed or the person's agent. the funds paid to the
person or the person's agent were sufficient to pay off the debt in
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- 751 -
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