§ 5-121
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/md/courts-and-judicial-proceedings/5-121·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–121.
(1)In this section the following words have the meaning indicated.
(2)“Homeowner” means:
(i)A record owner of residential property that is owner–occupied at the time the alleged violation of § 13–301 of the Commercial Law Article or other State law occurred; or
(ii)An individual who occupies residential property under a use and possession order issued under Title 8, Subtitle 2 of the Family Law Article.
(3)“Mortgage servicer” has the meaning stated in § 11–501 of the Financial Institutions Article.
(4)“Residential property” has the meaning stated in § 7–105.1 of the Real Property Article.
(5)“Unfair, abusive, or deceptive trade practice” has the meaning stated in § 13–301 of the Commercial Law Article.
(b)This section applies only to claims relating to residential property.
(c)An action filed by a homeowner against a mortgage servicer for damages arising out of an unfair, abusive, or deceptive trade practice shall be filed within the earlier of:
(1)5 years after a foreclosure sale of the residential property; or
(2)If the mortgage servicer discloses its unfair, abusive, or deceptive trade practice to the homeowner, 3 years after the disclosure to the homeowner.