Maryland § 3-104.1
Full text of Maryland Maryland Code § 3-104.1, with citation guidance and answers to common questions.
§ 3-104.1.
(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.
Frequently Asked Questions About Maryland § 3-104.1
What does Maryland Code § 3-104.1 cover?
Section 3-104.1 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 3-104.1?
A common citation format is "Maryland Code § 3-104.1" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 3-104.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.