Md. Code, Real. Prop. § 7-205

Current with changes from the 2024 Legislative Session

Section 7-205 - Acceptance of guarantee or collateral does not waive lien

The acceptance by the vendor of any guarantee, endorsement, collateral, or other security to insure the full payment of any vendor's lien, may not be construed as a waiver of the lien. However, the purchaser shall be credited with the proceeds from the sale of any collateral or other securities.

Md. Code, RP § 7-205