Maryland § 8-812
Full text of Maryland Maryland Code § 8-812, with citation guidance and answers to common questions.
§ 8-812.
(a) This section does not apply to a:
(1) Home equity line of credit;
(2) Loan secured by an indemnity deed of trust; or
(3) Commercial loan.
(b) Before the settlement of a loan secured by a mortgage or deed of trust on residential real property improved by four or fewer single–family units that is subject to a redeemable ground rent, the settlement agent shall notify the borrower that:
(1) The borrower has the right to redeem the ground rent under § 8–804 of this subtitle;
(2) The redemption amount is fixed by law but may also be negotiated with the ground lease holder for a different amount;
(3) It may be possible to include the amount of the redemption in this loan;
(4) For information on redeeming the ground rent, the borrower should contact the ground lease holder; and
(5) For information on including the amount of the redemption in this loan, the borrower should contact the lender or credit grantor making this loan.
Frequently Asked Questions About Maryland § 8-812
What does Maryland Code § 8-812 cover?
Section 8-812 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 § 8-812?
A common citation format is "Maryland Code § 8-812" (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 § 8-812 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.