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§ 12-806. Refunding finder's fee

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 8. Loans--Finder's Fees (Refs & Annos)
MD Code, Commercial Law, § 12-806
§ 12-806. Refunding finder's fee
Currentness
A borrower is entitled to a refund of any finder's fee paid to a mortgage broker if:
(1) The loan transaction is not made to the borrower; or
(2) The borrower exercises his right to rescind the loan transaction under the federal Truth in Lending Act1 or any similar federal or State law.

Credits

Added by Acts 1979, c. 351, § 1, eff. July 1, 1979.

Footnotes

1
Pub.L. 90-321, Title I, May 29, 1968, 82 Stat. 146, codified at 15 U.S.C.A. § 1601 et seq.
MD Code, Commercial Law, § 12-806, MD COML § 12-806
Current through legislation effective through May 9, 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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