This is not legal advice for your situation*

Maryland Issues Proposed Regulations

The Maryland Commissioner of Financial Regulations has published proposed regulations to implement recently adopted emergency legislation requiring the inclusion of the names and license numbers of mortgage lenders and mortgage originators (or an affidavit of exemption) on recorded security instruments encumbering residential property. We previously wrote about the emergency legislation in our April 2008 issue of the Compliance Wizard here. The proposed regulations can be viewed here. Comments on the proposed regulations are due by November 10, 2008. We will keep you posted on the status of the proposed regulations.




*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.