Maryland Commercial Law Section 12-406

Article - Commercial Law

§ 12-406.

      (a)      Except as permitted by § 12-405(a) of this subtitle, any commission, finder's fee, or point shall be paid by the lender, and may be paid only to:

            (1)      A licensed real estate broker;

            (2)      A lawyer licensed to practice law in the State; or

            (3)      A licensee.

      (b)      An agreement to pay a commission, finder's fee, or point may not be enforced unless it is in writing and signed by the lender.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.