Maryland Corporations and Associations Section 7-104

      In addition to any other activities which may not constitute doing intrastate, interstate, or foreign business in this State, for the purposes of this article, the following activities of a foreign corporation do not constitute doing intrastate, interstate, or foreign business in this State:

            (1)      Foreclosing mortgages and deeds of trust on property in this State;

            (2)      As a result of default under a mortgage or deed of trust, acquiring title to property in this State by foreclosure, deed in lieu of foreclosure, or otherwise;

            (3)      Holding, protecting, renting, maintaining, and operating property in this State so acquired; and

            (4)      Selling or transferring the title to property in this State so acquired to any person, including the Federal Housing Administration or the Veterans Administration.