§ 7-111. Changes or modifications to mortgages or deeds of trust
West's Annotated Code of MarylandReal Property
MD Code, Real Property, § 7-111
§ 7-111. Changes or modifications to mortgages or deeds of trust
(a) Subject to subsection (b) of this section, any change or modification to a mortgage or deed of trust or to an obligation secured by a mortgage or deed of trust does not extinguish the existing lien of the mortgage or deed of trust or otherwise adversely affect the existing lien priority of the mortgage or deed of trust.
(b) If the change or modification to a mortgage or deed of trust or to an obligation secured by a mortgage or deed of trust increases the principal sum secured by the mortgage or deed of trust above the amount appearing on the face of the mortgage or deed of trust and expressed to be secured by it:
Credits
Added by Acts 1992, c. 644.
MD Code, Real Property, § 7-111, MD REAL PROP § 7-111
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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