Maryland SB723 mandates title insurer details on deeds for residential property transactions.

Maryland SB723 amends the recordation requirements for deeds involving residential property. It specifies that if a purchaser or other party has obtained title insurance for such a transaction, the deed presented for recording must include the name of the title insurer and the policy number. This change aims to ensure transparency and accountability in property transactions. The Act takes effect on October 1, 2026.

Maryland SB723 mandates title insurer details on deeds for residential property transactions.

Maryland SB723 amends the recordation requirements for deeds involving residential property. It specifies that if a purchaser or other party has obtained title insurance for such a transaction, the deed presented for recording must include the name of the title insurer and the policy number. This change aims to ensure transparency and accountability in property transactions. The Act takes effect on October 1, 2026.