Rule 14-217 - Release or Assignment; Insolvency(a) Release or Assignment of Claim. A person entitled to release or assign a claim under a lien may file a written release or assignment of the claim and of any order for the sale of the property entered in the action. The release or assignment shall be signed and acknowledged before an individual authorized to take acknowledgments of deeds. The release or assignment shall take effect at the time of entry on the docket.(b) Insolvency Proceeding--Effect on Foreclosure. When property of an insolvent is subject to a lien, the institution of or pendency of insolvency proceedings by or against the insolvent under the laws of this State shall not stay a sale of property pursuant to a foreclosure action instituted prior to the insolvency proceeding.Md. R. Prop. Sales 14-217
This Rule is derived from the 2008 version of former Rule 14-209(a) and (c).
Adopted Feb. 10, 2009, eff. 5/1/2009.