<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".05" citation="COMAR 31.16.03.05" title_num="31" subtitle_num="16" chapter_num="03" heading="Separate Accounts.">
  <paragraph num="A.">
    <text>Trust money which is not required to be deposited into a MAHT account may be deposited into any other deposit or investment vehicle:</text>
    <paragraph num="(1)">
      <text>Specified by the buyer or beneficial owner; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Agreed upon by the buyer or beneficial owner and the title insurer or title insurance producer.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>An agreement referred to in §A of this regulation between a buyer or beneficial owner and a title insurer or title insurance producer shall be in writing and either be:</text>
    <paragraph num="(1)">
      <text>In a separate agreement; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>If part of another agreement between the parties, in conspicuous type and initialed by the buyer or beneficial owner.</text>
    </paragraph>
  </paragraph>
</regulation>