§ 12-307
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/md/commercial-law/12-307·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–307.
(a)At the time a loan is made, a lender may collect from the borrower:
(1)As to any item of the total property that secures a loan:
(i)The fees paid to a public official or governmental agency for recording or satisfying a mortgage, encumbrance, or lien on any property securing the loan; or
(ii)An equal or lesser amount for nonfiling insurance premium on any property, or portion of the property, that is not recorded if:
1. The Insurance Commissioner approves the rates; and
2. A commission is not paid on the policy; and
(2)The title insurance premiums or reasonable attorney’s fees paid for searching and insuring the title to any real property securing the loan.
(b)A lender may collect from the borrower a fee not exceeding $15 if payment is made with a check that is dishonored on the second presentment.