Section 5-121 - Action against mortgage servicer for damages arising out of unfair, abusive, or deceptive trade practices(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.Added by 2019 Md. Laws, Ch. 650,Sec. 1, eff. 10/1/2019.