§ 7-105.16. Copy of ratification order provided to supervisor of assessments
West's Annotated Code of MarylandReal PropertyEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Real Property, § 7-105.16
Formerly cited as MD REAL PROP § 7-105.12
§ 7-105.16. Copy of ratification order provided to supervisor of assessments
(b) Except as provided in subsection (c) of this section, if residential property is purchased at a sale in an action to foreclose a mortgage or deed of trust on the residential property, the purchaser shall provide a copy of the court order ratifying the foreclosure sale to the supervisor of assessments for the county in which the residential property is located by the later of:
(c) Subsection (b) of this section does not apply if:
(d) The supervisor of assessments shall provide a receipt to the person providing a copy of the ratification order.
(e) If a copy of the ratification order is not provided to the supervisor of assessments as required under subsection (b) of this section, any reduction in property tax received by the residential property because of its status as an owner-occupied principal residence from the date of the entry of the ratification order until the earlier of the receipt by the supervisor of assessments of a copy of the ratification order or the recordation in the land records of an instrument of writing transferring the property to a third party shall remain due and collectable as a property tax under Title 14 of the Tax--Property Article.
Credits
Added as Real Property § 7-105.12 by Acts 2012, c. 461, § 1, eff. June 1, 2012. Renumbered as Real Property § 7-105.16 by Acts 2019, c. 93, § 1, eff. Oct. 1, 2019.
MD Code, Real Property, § 7-105.16, MD REAL PROP § 7-105.16
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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