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Drew v. First Guaranty Mortgage Corporation, et. al., [Secondary Mortga ge Law :

Misc. N o.1, September Term 2003 Whether Section 12-

Balloon Payment Disclosure:

404(c)(2)(2000) of the Secondary Mortgage Lo an Law requires the le nder to disc lose in writing to the borro wer that a lender is requ ired to postp one a ballo on paymen t at maturity without charge at the borrower's request? Held: Section 12-404(c)(2) does not require a seller or lender, who takes a secondary mortgage or a deed of trust securing all or a portion of a residence's purchase price and creating a balloon payment, to state in writing that the statutory p ostpon emen t period of six m onths is availab le to bor rower s.]

IN THE COURT OF APPEALS OF MARYLAND

Misc. N o. 1 September Term, 2003

ALTON E. DREW V.

FIRST GUARANTY MORTGAGE CORPORATION, ET AL.

Bell, C.J. Eldridge Raker Wilner Cathell Harrell Battaglia, JJ.

Opinion by Battaglia, J. Bell, C.J., Wilner and Harrell, JJ. dissent

Filed: November 12, 2003

This case comes to us by a Cer tified Que stion from the United States Distric t Court, District of Maryland, pursuant to the Maryland Uniform Certification of Questions of Law Act, Maryland Code,

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