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31.05.09.00.htm 31.05.09.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 05 ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS Chapter 09 Mortgage Loans Authority: Insurance Article, §2-109 and 5-511(g) Annotated Code of Maryland
31.05.09.01.htm 31.05.09.01. 01 Information To Be Filed.. All companies shall have the following information filed with each mortgage, and kept ready for convenient inspection by examiners from this Administration:A. The mortgage note and deed, and all assignments of them, properly recorded;. B. A detailed appraisal of the property securing the mortgage, made by a disinterested, unaffiliated appraiser, with the appraiser's qualifications attached; an appraisal made by any competent license
31.05.09.02.htm 31.05.09.02. 02 Required Procedure.. An insurance company that is a party to a mortgage loan participation agreement shall have the items listed in Regulation .01A and B of this chapter in its possession. The insurer may have the lending institution certify annually that the items listed in Regulation .01C, D, and E of this chapter are in force or have been paid.
31.05.09.9999.htm 31.05.09.9999. Administrative History Effective date: February 11, 1941. Amended effective May 1, 1968. Regulation .01 amended effective November 6, 1995 (22:22 Md. R. 1657). Regulation .02 adopted effective June 7, 1982 (9:11 Md. R. 1126) ―. Chapter recodified from COMAR 09.30.15 to COMAR 31.05.09 effective September 7, 1998 (25:18 Md. R. 1439)
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