§ 5-507
50 words·~1 min read·
/md/financial-institutions/5-507A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–507.
(a)If a banking institution rejects an application for a residential mortgage loan, the banking institution shall give the applicant, at the applicant’s request, written notice of the rejection.
(b)The applicant may use this written notice as evidence of rejection for purposes of the Maryland Home Financing Program.