2013 Maryland Code
COMMERCIAL LAW
§ 12-1302 - Applicability of subtitle
§12-1302.
(a) This subtitle applies to any lender that makes a mortgage loan secured by owner-occupied residential real property located in the State.
(b) This subtitle does not apply to:
(1) A secondary mortgage loan;
(2) An open-end or revolving home equity line of credit;
(3) A construction loan;
(4) An individual who takes back a deferred purchase money mortgage in connection with the sale of residential real property owned by, and titled in the name of, the individual; or
(5) An individual who makes a mortgage loan to a borrower who is the individual’s spouse, child, child’s spouse, parent, sibling, grandparent, grandchild, or grandchild’s spouse.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
