(a) In this section, “residential property” means real property improved by four or fewer single family dwelling units that are designed principally and are intended for human habitation.
(b) When recorded, a mortgage, deed of trust, or any other instrument securing a mortgage loan on residential property shall contain:
(1) (i) The name and Maryland mortgage originator license number of the mortgage originator that originated the loan secured by the instrument; or
(ii) An affidavit by the person that originated the mortgage loan secured by the instrument that the individual who originated the loan is exempt from the licensing requirement under Title 11, Subtitle 6 of the Financial Institutions Article; and
(2) (i) The name and Maryland mortgage lender license number of the mortgage lender that made the loan secured by the instrument; or
(ii) An affidavit by the lender that made the mortgage loan secured by the instrument that the lender is exempt from the licensing requirement under Title 11, Subtitle 5 of the Financial Institutions Article.
(c) The Commissioner of Financial Regulation shall adopt regulations to implement the provisions of this section, including:
(1) Minimum requirements for the inclusion of licensing information when a mortgage, deed of trust, or other instrument securing a mortgage loan on residential property is recorded; and
(2) Consequences, including penalties, for the failure to include licensing information when a mortgage, deed of trust, or other instrument securing a mortgage loan on residential property is recorded.
Structure Maryland Statutes
Subtitle 1 - General Rules and Exceptions
Section 3-101 - Deeds Required to Be Executed and Recorded; Exceptions; Memorandum of Lease
Section 3-102 - Other Instruments Which May Be Recorded
Section 3-102.1 - Notice of Easements, Covenants, Restrictions, and Condition -- Recordation
Section 3-103 - Place of Recording
Section 3-104 - Prerequisites to Recording
Section 3-105 - Recording of Releases of Mortgages and Deeds of Trust
Section 3-105.1 - Releases of Mortgages and Deeds of Trust for Certain Loans
Section 3-105.2 - Release of Mortgage, Deed of Trust, or Lien Instrument
Section 3-106 - Recording of Assignments of Mortgages
Section 3-107 - Recording of Vendor's Liens
Section 3-108 - Recording of Plats -- in General
Section 3-108.1 - Recording of Plats -- Queen Anne's County
Section 3-109 - State Highway Administration Plats
Section 3-110 - Recording Deeds by Mail
Section 3-111 - Disclosure of Personal Information on Recordable Instruments Prohibited