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Code · Maryland · Commercial Law

§ 12-406

74 words·~1 min read·/md/commercial-law/12-406

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§12–406.
(a)Except as permitted by § 12-405(a) of this subtitle, any commission, finder’s fee, or point shall be paid by the lender, and may be paid only to:
(1)A licensed real estate broker;
(2)A lawyer licensed to practice law in the State; or
(3)A licensee.
(b)An agreement to pay a commission, finder’s fee, or point may not be enforced unless it is in writing and signed by the lender.
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