Maryland § 7-105.17
Full text of Maryland Maryland Code § 7-105.17, with citation guidance and answers to common questions.
§ 7-105.17.
(a) (1) In this section the following words have the meanings indicated.
(2) “Owner–occupied residential property” has the meaning stated in § 7–105.1 of this subtitle.
(3) “Residential property” has the meaning stated in § 7–105.1 of this subtitle.
(b) This section applies to residential property that was owner–occupied residential property at the time an order to docket or complaint to foreclose was filed.
(c) After the final ratification of the auditor’s report following a sale made in accordance with §§ 7–105.1 through 7–105.10 of this subtitle or the Maryland Rules, a secured party or an appropriate party in interest may file a motion for a deficiency judgment if the proceeds of the sale, after deducting all costs and expenses allowed by the court, are insufficient to satisfy the debt and accrued interest.
(d) A motion for deficiency judgment under this section shall be filed within 3 years after the final ratification of the auditor’s report.
(e) The secured party or party in interest shall serve the motion in accordance with the Maryland Rules.
(f) The filing of a motion for deficiency judgment in accordance with this section and the Maryland Rules shall constitute the sole post–ratification remedy available to a secured party or party in interest for breach of a covenant contained in a deed of trust, mortgage, or promissory note that secures or is secured by owner–occupied residential property.
Frequently Asked Questions About Maryland § 7-105.17
What does Maryland Code § 7-105.17 cover?
Section 7-105.17 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 § 7-105.17?
A common citation format is "Maryland Code § 7-105.17" (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 § 7-105.17 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.