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§ 7-105.6. Sales upon default; interest secured by a deed of trust

West's Annotated Code of MarylandReal PropertyEffective: October 1, 2019

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 7. Mortgages, Deeds of Trust, and Vendor's Liens (Refs & Annos)
Subtitle 1. Mortgages and Deeds of Trust (Refs & Annos)
Effective: October 1, 2019
MD Code, Real Property, § 7-105.6
Formerly cited as MD REAL PROP § 7-105.4
§ 7-105.6. Sales upon default; interest secured by a deed of trust
Interest secured by a deed of trust
(a) Absent a provision to the contrary in a mortgage or note secured by a deed of trust, in the enumerated counties, the interest provided in a mortgage or note secured by a deed of trust is payable for the time period provided in subsection (b) of this section or until the audit of the sale is ratified, whichever occurs first.
Time period following sale
(b) Under subsection (a) of this section, the time period following sale is:
(1) 60 days in Calvert, Cecil, Frederick, Garrett, Kent, Queen Anne's, Talbot, Caroline, Charles, and St. Mary's counties; and
(2) 180 days in Worcester County.

Credits

Added by Acts 1974, c. 12, § 2, eff. July 1, 1974. Amended by Acts 1976, c. 272; Acts 1980, c. 436; Acts 1980, c. 538; Acts 1980, c. 565; Acts 1981, c. 290; Acts 1983, c. 563; Acts 1983, c. 602; Acts 1985, c. 361; Acts 1985, c. 656; Acts 1992, c. 625; Acts 1993, c. 113; Acts 1995, c. 580, § 1, eff. Oct. 1, 1995; Acts 1996, c. 364, § 1, eff. Oct. 1, 1996; Acts 1998, c. 21, § 1, eff. April 14, 1998; Acts 2005, c. 509, § 1, May 26, 2005. Renumbered from Real Property § 7-105(d) as § 7-105.4 by Acts 2008, c. 1, § 1, eff. April 3, 2008; Acts 2008, c. 2, § 1, eff. April 3, 2008. Amended by Acts 2008, c. 628, § 1, eff. Oct. 1, 2008; Acts 2008, c. 629, § 1, eff. Oct. 1, 2008. Renumbered as Real Property § 7-105.6 by Acts 2019, c. 93, § 1, eff. Oct. 1, 2019.
MD Code, Real Property, § 7-105.6, MD REAL PROP § 7-105.6
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document