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2013 Maryland Code
COMMERCIAL LAW
§ 12-1203 - Specific payment plan or loans to borrowers not holding fee simple interest not required.


MD Comm L Code § 12-1203 (2013) What's This?

§12-1203.

This subtitle does not require a lender that offers to make a reverse mortgage loan to offer a reverse mortgage loan:

(1) With any one or more particular payment plans; or

(2) To a prospective borrower who holds title to a dwelling in other than fee simple interest.

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