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Martin O'Malley, Governor
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Ch. 21
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CHAPTER 21
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(House Bill 1027)
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AN ACT concerning
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Real Property - Release of Mortgage, Security Instrument, or Deed of Trust,
or Lien Instrument
a certain release and affidavit; authorizing, under certain conditions, the
record a statutory release affidavit when the debt secured by a mortgage, deed
of trust, or lien instrument is paid fully or satisfied and the party satisfied fails
to provide a release suitable for recording: providing for the effect of a statutory
release affidavit: requiring a person to send a certain notice in a certain manner
to the party satisfied and allow a certain waiting period before recording a
statutory release affidavit: requiring a statutory release affidavit to be in a
certain form and be accompanied by certain evidence of payment: making a
certain technical correction; defining a certain term: and generally relating to
recording of releases of mortgages, security instruments, and deeds of trust, and
lien instruments.
BY repealing and reenacting, with amendments,
Article - Real Property
Section 3-105(a) and (d)(3)(i)
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement)
BY adding to
Article - Real Property
Section 3-105.2
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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Article - Real Property
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-757-
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