Effective July 1, 2019, SB 484 becomes law. All Maryland tax liens filed on and after that date will have a 20-year limitation period. The new law is not “retroactive,” so it doesn’t affect Maryland tax liens filed prior to July 1, 2019. However, at least one of our underwriters has approved insuring over any Maryland tax lien older than 20 years regardless of when it was filed. Moreover, they aren’t requiring us to get a letter of indemnity for such a tax lien.
Ask your underwriters for their opinions on the new law and how they will affect the issuance of title insurance policies.
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Rob Bodine is a Virginia attorney focusing his practice on real estate and intellectual property law. He’s currently Virginia counsel with First Class Title, Inc., a Maryland title insurance and settlement company. Rob is also a licensed title insurance agent in Maryland and Virginia.