Regulation .02 Information in Recorded Security Instrument.
Regulation .02 Information in Recorded Security Instrument.LinkCopy Citation
A.
Licensee Information or Affidavit in Lieu of Licensee Information.
(1)
If a mortgage lender licensee is named in the promissory note or agreement evidencing a mortgage loan on a residential property that is secured by a security instrument to be recorded under Real Property Article, §3-104.1, Annotated Code of Maryland, the following information shall be filed with the security instrument:
(a)
The name of the mortgage lender licensee; and
(b)
The Maryland mortgage lender license number of the mortgage lender licensee or the NMLSR unique identifier of the mortgage lender licensee.
(2)
If a mortgage loan originator licensee originated the mortgage loan on residential property that is secured by a security instrument to be recorded under Real Property Article, §3-104.1, Annotated Code of Maryland, the following information shall be filed with the security instrument:
(a)
The name of the mortgage loan originator licensee; and
(b)
The Maryland mortgage loan originator license number of the mortgage loan originator licensee or the NMLSR unique identifier of the mortgage loan originator licensee.
(3)
A person exempt or excepted from the requirement to be licensed as a Maryland mortgage lender shall file an affidavit with the security instrument to be recorded in lieu of mortgage lender licensee information.
(4)
A person exempt or excepted from the requirement to be licensed as a Maryland mortgage loan originator, or that person's employer, shall file an affidavit with the security instrument to be recorded in lieu of mortgage loan originator licensee information.
B.
Information/Affidavit Form.
(1)
Persons filing licensee information or an affidavit in lieu of licensee information under this regulation shall use a form that is substantially the same as the following:
(2)
The affidavit recorded with a security instrument may be a duplicate of the original affidavit.
(3)
The person who employs the individual who originated a mortgage loan to be secured by the security instrument to be recorded may provide the affidavit recorded with the security instrument under this regulation on behalf of that employee.
Licensee Information or Affidavit Filed in Accordance with Real Property Article, §3-104.1, Annotated Code of Maryland
C.
Location and Subsequent Filings.
(1)
Location. Except as provided in §C(2) of this regulation, the licensee information or affidavit shall be contained in a separate sheet to be attached to and recorded after the last page of the security instrument and immediately preceding the intake sheet.
(2)
Subsequent Filing.
(a)
If the licensee information or affidavit required by this regulation is not attached to the security instrument at the time the security instrument is recorded, the licensee information or affidavit may be recorded separately as a supplemental instrument, after the date the security instrument is recorded, by the deed of trust note holder, mortgagee, mortgage assignee, deed of trust beneficiary, or agent of any of the foregoing.
(b)
An amendment adding or correcting any information contained in the document filing required by this regulation may be recorded separately as a supplemental instrument, after the date the security instrument is recorded, by the deed of trust note holder, mortgagee, mortgage assignee, deed of trust beneficiary, or agent of any of the foregoing.
(c)
A subsequently filed document recorded under this subsection shall contain:
(i)
The date of the security instrument securing the mortgage loan;
(ii)
The address of the property subject to the security instrument securing the mortgage loan;
(iii)
The name of the parties to the security instrument securing the mortgage loan;
(iv)
The liber/book and folio/page number for the security instrument securing the mortgage loan; and
(v)
The original principal amount of the mortgage loan secured by the security instrument.
(d)
A subsequently filed document recorded under this subsection shall be acknowledged before a notary public.
(e)
The subsequent filing shall be indexed in the Grantor Index in the land records as to the grantor or mortgagor.