(a) Except as provided in subsection (b) of this section, the consideration payable, including the amount of any mortgage or deed of trust assumed by the grantee, or the principal amount of the secured debt incurred, shall be described in:
(1) the recitals or the acknowledgment of the instrument of writing; or
(2) an affidavit under oath that accompanies the instrument of writing and that is signed by a party to the instrument of writing or by an agent of a party.
(b) Security agreements filed in accordance with § 9-502 of the Maryland Uniform Commercial Code are governed by the requirements of that section and not by subsection (a) of this section.
Structure Maryland Statutes
Section 12-102 - Imposition of Tax
Section 12-104 - Evidence of Consideration or Debt
Section 12-105 - Calculation of Tax
Section 12-106 - Tax on Corporate, Limited Liability Company, and Partnership Transfers
Section 12-107 - Tax on Certain Tangible Personal Property
Section 12-108 - Exemptions From Tax
Section 12-109 - Payment of Recordation Tax
Section 12-110 - Distribution of Revenue
Section 12-111 - Responsibility for Payment of Tax
Section 12-112 - Administration of Tax
Section 12-113 - Proceeds From Recordation Tax in Harford County
Section 12-114 - Charles County Rental Transfer Exemption
Section 12-115 - Charles County Targeted Businesses Exemption
Section 12-116 - Exemption From Recordation Tax
Section 12-118 - Tax on Instrument That Transfers Title to Improved Residential Real Property