December 15, 2010
COMAR 09.03.12.02: EMERGENCY REGULATION - FORECLOSURE
PROCEDURES FOR RESIDENTIAL PROPERTY AMEND C.-FILING ELECTRONIC NOTICE OF INTENT TO FORECLOSE
On November 22, 2010 an amendment to COMAR 09.03.12.02 was approved by the Joint Committee
on Administrative Executive Legislative Review (AELR). As amended, COMAR 09.03.12.02 authorizes
the Maryland Commissioner of Financial Regulation ("Commissioner") to require that copies of
Notices of Intent to Foreclose (NOI) be submitted to the Commissioner electronically. COMAR
09.03.12.02's effective date is November 26, 2010.
The purpose of this advisory is to provide guidance on the implementation of the electronic
NOI submission entry system under amended COMAR 09.03.12.02.
Registration to File the NOI with the Commissioner
Effective January 15, 2011, any person required to provide a copy of the NOI to the
Commissioner must meet that requirement by making an electronic submission via the
Commissioner's Notice of Intent to Foreclose Electronic System.
The Notice of Intent to Foreclosure
Electronic System ("system") will not be available until after December 15, 2010.
Steps to Use the Electronic Notice of Intent Foreclosure Entry System
- Registration and Log In - Persons required to provide a copy of the NOI to the
Commissioner must first register. Registration is required for all users. If users registered
in the test system or before an announcement of the system becoming active, they will need to
register again. Also, if an organization has more than one user, each user will need to
register to obtain a unique username and password.
This can be done on our
website. Detailed instructions will be provided in the system.
- After successful registration and Log In, users will have the option to either manually
enter all applicable fields or use the bulk submission feature, after obtaining permission to
do so. The list below is the type of data submissions:
- NOI Data Entry (LINK) - Enter the information required for a single NOI manually for each
field as required. Options for mortgage and non-mortgage type NOIs are provided.
- NOI Bulk Submit (LINK) - Upload multiple NOIs in one file. These Bulk NOI Files are
limited to .TXT files and size is limited to 4MB. Information and instructions are provided
within the NOI Bulk Submit section of the system.
Timely Submission of NOI to the Commissioner
It is imperative for timely submission of NOIs to the Commissioner. NOIs should be submitted to
the Commissioner within 5 days of being mailed to the homeowner.
For questions, please contact Cara
Stretch, 410-230-6099, Director of Foreclosure Outreach, Maryland Office of the
Commissioner of Financial Regulation.