§ 12-1302
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/md/commercial-law/12-1302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–1302.
(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.