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2021 Maryland Statutes
Financial Institutions
Title 5 - Banking Institutions -- General Provisions
Subtitle 5 - Miscellaneous Regulations
Section 5-507 - Notice of Rejection of Application for Residential Mortgage

Universal Citation:
MD Financial Institutions Code Ann. § 5-507 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    If a banking institution rejects an application for a residential mortgage loan, the banking institution shall give the applicant, at the applicant’s request, written notice of the rejection.

    (b)    The applicant may use this written notice as evidence of rejection for purposes of the Maryland Home Financing Program.

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