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§ 12-1302. Application of subtitle

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, § 12-1302
§ 12-1302. Application of subtitle
Currentness
(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.

Credits

Added by Acts 2010, c. 736, § 1, eff. Jan. 1, 2011.
MD Code, Commercial Law, § 12-1302, MD COML § 12-1302
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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