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§ 12-406. Limits on fees and charges

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 4. Secondary Mortgage Loans--Credit Provisions (Refs & Annos)
MD Code, Commercial Law, § 12-406
§ 12-406. Limits on fees and charges
Currentness
(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.

Credits

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 66, § 62.
MD Code, Commercial Law, § 12-406, MD COML § 12-406
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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