Maryland Code, Commercial Law § 12-924

(a)(1) Except as provided in paragraph (2) of this subsection, this section applies only to a plan between a credit grantor and a consumer borrower under which a credit grantor has taken any property as security for credit extended under the plan.

(2) This section does not apply to a loan to which § 3-105.1 of the Real Property Article applies.

(1) The outstanding unpaid indebtedness under a plan has been paid in full;

(2) There are no further obligations of the credit grantor or the consumer borrower under the plan; and

(3) The account under the plan is closed.

(1) In writing; and

(2) Prepared at the expense of the credit grantor.

(d)(1) If the credit grantor does not record the release, the credit grantor shall furnish the consumer borrower with the release in a recordable form.

(2) If the credit grantor records the release, the credit grantor shall furnish the consumer borrower with a copy of the release.

(e)(1) If a fee is collected by a credit grantor for the recording of a release:

(2) If a fee is not collected by a credit grantor for the recording of a release, the credit grantor is not obligated to record the release.