Md. Code, Commercial Law § 12-109.2
This is the official text of Md. Code, Commercial Law § 12-109.2, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§12–109.
Official statutory text
§12–109.2.
(a) (1) In this section the following terms have the meanings indicated.
(2) “Escrow account” has the meaning stated in § 12-109 of this subtitle.
(3) “Lender” includes a lender and assignee of a lender.
(4) “Mortgage” includes a mortgage and a deed of trust.
(b) (1) Funds in any escrow account shall be kept separate from and may not be commingled with the funds of the lender.
(2) A lender may place escrow funds received in connection with more than one mortgage into a single escrow account.
(3) In the event of the bankruptcy of the lender, any escrow funds placed in any escrow account under this section may not be considered to be part of the bankrupt estate of the lender.
(c) A lender may not impose a collection fee or service charge on the maintenance of an escrow account on a first mortgage.
(a) (1) In this section the following terms have the meanings indicated.
(2) “Escrow account” has the meaning stated in § 12-109 of this subtitle.
(3) “Lender” includes a lender and assignee of a lender.
(4) “Mortgage” includes a mortgage and a deed of trust.
(b) (1) Funds in any escrow account shall be kept separate from and may not be commingled with the funds of the lender.
(2) A lender may place escrow funds received in connection with more than one mortgage into a single escrow account.
(3) In the event of the bankruptcy of the lender, any escrow funds placed in any escrow account under this section may not be considered to be part of the bankrupt estate of the lender.
(c) A lender may not impose a collection fee or service charge on the maintenance of an escrow account on a first mortgage.
Status: in_force · Read it on the official government site
Dealing with a business matter in Maryland?
See all Maryland Business lawyers
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.