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§ 12-1303. Notice relating to home buyer education or housing counseling

West's Annotated Code of MarylandCommercial LawEffective: January 1, 2011

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 13. Mortgage Loans--Notice of Housing Counseling Programs and Services (Refs & Annos)
Effective: January 1, 2011
MD Code, Commercial Law, § 12-1303
§ 12-1303. Notice relating to home buyer education or housing counseling
Currentness
(a) Unless the lender is otherwise required by federal or State law to refer the borrower to housing counseling, a lender shall provide to a borrower a written notice, in the form specified in regulations adopted by the Department of Housing and Community Development, in consultation with the Commissioner of Financial Regulation, that includes:
(1) A statement recommending that the borrower complete home buyer education or housing counseling; and
(2) Information about home buyer education and housing counseling programs and services provided by nonprofit and government organizations certified by the U.S. Department of Housing and Urban Development that are available to residents of the State.
(b) The Department of Housing and Community Development shall provide and maintain the information required under subsection (a)(2) of this section.

Credits

Added by Acts 2010, c. 736, § 1, eff. Jan. 1, 2011.
MD Code, Commercial Law, § 12-1303, MD COML § 12-1303
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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