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§ 7-309. Duties of foreclosure consultants

West's Annotated Code of MarylandReal PropertyEffective: April 3, 2008

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 7. Mortgages, Deeds of Trust, and Vendor's Liens (Refs & Annos)
Subtitle 3. Protection of Homeowners in Foreclosure Act (Refs & Annos)
Part II. Foreclosure Consultants (Refs & Annos)
Effective: April 3, 2008
MD Code, Real Property, § 7-309
§ 7-309. Duties of foreclosure consultants
Currentness
Research on value of residence
(a) A foreclosure consultant has a duty to provide the homeowner with written copies of any research the foreclosure consultant has regarding the value of the homeowner's residence in default, including any information on sales of comparable properties or any appraisals.
Duty of care to homeowners
(b) A foreclosure consultant owes the same duty of care to a homeowner as a licensed real estate broker owes to a client under § 17-532 of the Business Occupations and Professions Article.

Credits

Added by Acts 2008, c. 5, § 1, eff. April 3, 2008; Acts 2008, c. 6, § 1, eff. April 3, 2008.
MD Code, Real Property, § 7-309, MD REAL PROP § 7-309
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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