Md. Code, Real Property § 7-102
This is the official text of Md. Code, Real Property § 7-102, part of Maryland’s Code, Real Property — governs real estate transactions and landlord-tenant law.
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.
§7–102.
Official statutory text
(a) (1) No mortgage or deed of trust may be a lien or charge on any property for any principal sum of money in excess of the aggregate principal sum appearing on the face of the mortgage or deed of trust and expressed to be secured by it, without regard to whether or when advanced or readvanced.
(2) Paragraph (1) of this subsection does not apply to a mortgage or deed of trust to:
(i) Guarantee the party secured against loss from being an obligee of a third party;
(ii) Indemnify the party secured against loss from being an endorser, guarantor, or surety; or
(iii) Secure a guarantee or indemnity agreement.
(b) If after the date of the mortgage or deed of trust, any sum of money is advanced or readvanced, any endorsement or guaranty is made, or the liability under an indemnity agreement arises, priority for such sum of money or for any indemnity arising under the endorsement, or guaranty, or indemnity agreement dates from the date of the mortgage or deed of trust as against the rights of intervening purchasers, mortgagees, trustees under deeds of trust, or lien creditors, regardless of whether the advance, readvance, endorsement, or guaranty was obligatory or voluntary under the terms of the mortgage or deed of trust.
(2) Paragraph (1) of this subsection does not apply to a mortgage or deed of trust to:
(i) Guarantee the party secured against loss from being an obligee of a third party;
(ii) Indemnify the party secured against loss from being an endorser, guarantor, or surety; or
(iii) Secure a guarantee or indemnity agreement.
(b) If after the date of the mortgage or deed of trust, any sum of money is advanced or readvanced, any endorsement or guaranty is made, or the liability under an indemnity agreement arises, priority for such sum of money or for any indemnity arising under the endorsement, or guaranty, or indemnity agreement dates from the date of the mortgage or deed of trust as against the rights of intervening purchasers, mortgagees, trustees under deeds of trust, or lien creditors, regardless of whether the advance, readvance, endorsement, or guaranty was obligatory or voluntary under the terms of the mortgage or deed of trust.
Status: in_force · Read it on the official government site
Dealing with a real estate matter in Maryland?
See all Maryland Real Estate 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.