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§ 12-807. Sanctions

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, § 12-807
§ 12-807. Sanctions
Currentness
Any mortgage broker who violates any provision of this subtitle shall forfeit to the borrower the greater of:
(1) Three times the amount of the finder's fee collected; or
(2) The sum of $500.

Credits

Added by Acts 1979, c. 352, § 1, eff. July 1, 1979.
MD Code, Commercial Law, § 12-807, MD COML § 12-807
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.
End of Document