Maryland Code, Real Property § 7-112

(b) This section does not apply to a junior lien securing a loan made by a state or local government agency with a 0% interest rate.

(c) A mortgagor or grantor who refinances in full the unpaid indebtedness secured by a first mortgage or deed of trust encumbering or conveying an interest in residential property at an interest rate lower than provided for in the evidence of indebtedness secured by the first mortgage or deed of trust is not required to obtain permission from the holder of a junior lien if:

(d) A refinance mortgage that meets the requirements of subsection (c) of this section shall have, on recordation, the same lien priority as the first mortgage or deed of trust that the refinance mortgage replaces.

(e) A refinance mortgage that meets the requirements of subsection (c) of this section shall include the following statement in bold or capitalized letters: “This is a refinance of a deed of trust/mortgage/other security instrument recorded among the land records of ․․․․․․․․․․ county/city, Maryland in liber no.․․․․․ folio ․․․․․, in the original principal amount of ․․․․․․․․․․, and with the unpaid outstanding principal balance of ․․․․․․․․․․ The interest rate provided for in the evidence of indebtedness secured by this refinance mortgage is lower than the applicable interest rate provided for in the evidence of indebtedness secured by the deed of trust/mortgage/other security instrument being refinanced.”

(f) The priorities among two or more junior liens shall be governed by § 3-203 of this article.

(g) This section may not be construed to preempt or abrogate the operation or effect of, or ability of a court to apply the principles of, equitable subrogation or equitable subordination.