Maryland uses which security instrument?

Maryland does not use deeds of trust exclusively. While deeds of trust are permitted, mortgages are also valid security instruments in the state. This option incorrectly suggests a limitation that doesn't exist in Maryland law.

Land contracts are installment sale agreements, not security instruments. They involve the seller retaining legal title until the buyer completes payments, which differs from using property as collateral for a loan.

Security agreements are used for personal property collateral, not real estate. They're common in secured transactions involving equipment, inventory, or other movable assets, but not for real property financing.