Maryland § 5-121
Full text of Maryland Maryland Code § 5-121, with citation guidance and answers to common questions.
§ 5-121.
(a) (1) In this section the following words have the meaning indicated.
(2) “Homeowner” means:
(i) A record owner of residential property that is owner–occupied at the time the alleged violation of § 13–301 of the Commercial Law Article or other State law occurred; or
(ii) An individual who occupies residential property under a use and possession order issued under Title 8, Subtitle 2 of the Family Law Article.
(3) “Mortgage servicer” has the meaning stated in § 11–501 of the Financial Institutions Article.
(4) “Residential property” has the meaning stated in § 7–105.1 of the Real Property Article.
(5) “Unfair, abusive, or deceptive trade practice” has the meaning stated in § 13–301 of the Commercial Law Article.
(b) This section applies only to claims relating to residential property.
(c) An action filed by a homeowner against a mortgage servicer for damages arising out of an unfair, abusive, or deceptive trade practice shall be filed within the earlier of:
(1) 5 years after a foreclosure sale of the residential property; or
(2) If the mortgage servicer discloses its unfair, abusive, or deceptive trade practice to the homeowner, 3 years after the disclosure to the homeowner.
Frequently Asked Questions About Maryland § 5-121
What does Maryland Code § 5-121 cover?
Section 5-121 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 § 5-121?
A common citation format is "Maryland Code § 5-121" (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 § 5-121 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.