(a) (1) In this section the following words have the meaning indicated. (2) 'Homeowner' means: (i) A record owner of residential property that is owner–occupied at the time the alleged violation of § 13–301 of the Commercial Law Article or other State law occurred; or (ii) An individual who occupies residential property under a use and possession order issued under Title 8, Subtitle 2 of the Family Law Article. (3) 'Mortgage servicer' has the meaning stated in § 11–501 of the Financial Institutions Article. (4) 'Residential property' has the meaning stated in § 7–105.1 of the Real Property Article. (5) 'Unfair, abusive, or deceptive trade practice' has the meaning stated in § 13–301 of the Commercial Law Article. (b) This section applies only to claims relating to residential property. (c) An action filed by a homeowner against a mortgage servicer for damages arising out of an unfair, abusive, or deceptive trade practice shall be filed within the earlier of: (1) 5 years after a foreclosure sale of the residential property; or (2) If the mortgage servicer discloses its unfair, abusive, or deceptive trade practice to the homeowner, 3 years after the disclosure to the homeowner.
Maryland Legal Code