2018 Maryland Code
Commercial Law
Title 12 - Credit Regulations
Subtitle 1 - Interest and Usury
§ 12-121. Lender's inspection fees
(a) "Lender's inspection fee" defined. -- In this section, the term "lender's inspection fee" means a fee imposed by a lender to pay for a visual inspection of real property.
(b) Imposition. -- Except as provided in subsection (c) of this section, a lender may not impose a lender's inspection fee in connection with a loan secured by residential real property.
(c) When permitted. -- A lender's inspection fee may be charged if the inspection is needed to ascertain completion of:
(1) Construction of a new home; or
(2) Repairs, alterations, or other work required by the lender.
(d) Applicability of section to appraisals. -- This section does not apply to an appraisal of the value of real property by a lender or to fees imposed in connection with an appraisal.