Maryland Real Property Section 7-302

Article - Real Property

§ 7-302.

      (a)      Except as provided in subsection (b) of this section, this subtitle does not apply to:

            (1)      An individual admitted to practice law in the State, while performing any activity related to the individual's regular practice of law in the State;

            (2)      A person who holds or is owed an obligation secured by a lien on any residence in foreclosure while the person performs services in connection with the obligation or lien, if the obligation or lien did not arise as a result of a foreclosure reconveyance;

            (3)      (i)      A person doing business under any law of this State or the United States regulating banks, trust companies, savings and loan associations, credit unions, or insurance companies, while the person performs services as a part of the person's normal business activities; and

                  (ii)      Any subsidiary, affiliate, or agent of a person described in item (i) of this item, while the subsidiary, affiliate, or agent performs services as a part of the subsidiary's, affiliate's, or agent's normal business activities;

            (4)      A judgment creditor of the homeowner, if the judgment creditor's claim accrued before the written notice of foreclosure sale required under § 7-105(b) of this title is sent;

            (5)      A title insurer authorized to conduct business in the State, while performing title insurance and settlement services;

            (6)      A title insurance producer licensed in the State, while performing services in accordance with the person's license;

            (7)      A person licensed as a mortgage broker or mortgage lender under Title 11, Subtitle 5 of the Financial Institutions Article while acting under the authority of that license;

            (8)      A person licensed as a real estate broker, associate real estate broker, or real estate salesperson under Title 17 of the Business Occupations and Professions Article, while the person engages in any activity for which the person is licensed under those provisions so long as any conveyance or transfer of deed, title, or establishment of equitable interest is done through a settlement as defined in § 7-311(a)(5) of this subtitle; or

            (9)      A nonprofit organization that solely offers counseling or advice to homeowners in foreclosure or loan default, if the organization is not directly or indirectly related to and does not contract for services with for-profit lenders or foreclosure purchasers.

      (b)      This subtitle does apply to an individual who:

            (1)      Is functioning in a position listed under subsection (a) of this section; and

            (2)      Is engaging in activities or providing services designed or intended to transfer title to a residence in foreclosure directly or indirectly to that individual, or an agent or affiliate of that individual.



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