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Martin O'Malley, Governor Ch. 21
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(1) May be received by the clerk and indexed and
recorded as any other instrument in the nature of a release or
certificate of satisfaction: and
(2) has the same effect as a release of the property for
which the mortgage, deed of trust, or lien instrument is the
security, as if a release were executed by the mortgagee, named
trustees, or secured party.
(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-day 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 watting 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:
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- 759 -
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