Unless specified in a deed of trust, what is the maximum fee for a release in Maryland?

In Maryland, unless specified otherwise in a deed of trust, the maximum fee for a release is established at $15. This fee is associated with the official recording of the release of the lien that a deed of trust represents, marking the conclusion of the borrower’s obligation. It is crucial for title insurance producers and others involved in real estate transactions to be aware of these statutory limits, as they ensure compliance with Maryland law and help maintain transparency in financial transactions related to real estate.

Understanding these fees is part of the broader context of real estate law and ensures that costs associated with releasing liens are clear to both borrowers and lenders. This clarity helps to foster trust in the closing process and prevents any potential disputes or misunderstandings regarding costs.