Requires title insurers' names and policy numbers on deeds for residential property transactions.
Maryland HB1601 amends the recordation requirements for deeds involving residential property. Specifically, it mandates that any deed presented for recording that effects a change in ownership must include the name of the title insurer and the policy number if title insurance was obtained for the transaction. This change aims to enhance transparency and accountability in real estate transactions. The Act will take effect on October 1, 2026.
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