Form Update
Description
The Maryland Affidavite of Refinancing Exemption (MDARE.MSC and MDARE2.MSC) have been updated. Previously, only one of the forms would return based on whether or not the borrowers were part of a trust or not. Logic has been updated to provide both forms if the worksheet has more than one borrower and is a trust. Clients will be responsible for determining whether or not both forms are required. If the loan is not a trust, only one of the forms will return in the forms list regardless of the number of borrowers.
Md. Code Ann., Tax - Property §12-108(g)(3)