Md. Code, Com. Law § 12-1204
Md. Code, Com. Law § 12-1204
Maryland · Maryland Code, Commercial Law · Status: effective
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- Citation
- Md. Code, Com. Law § 12-1204, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1758096
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Full text
(a) Except as otherwise provided in this subtitle, a lender that offers or makes a reverse mortgage loan secured by a dwelling in the State shall conform to the requirements of 12 U.S.C. § 1715z–20, and any regulations and guidance adopted under 12 U.S.C. § 1715z–20, regardless of whether the reverse mortgage loan is insured under 12 U.S.C. § 1715z–20.
(b) Except as otherwise provided in this subtitle, an arranger of financing that aids or assists, or offers to aid or assist, a borrower in obtaining a reverse mortgage loan secured by a dwelling in the State shall conform to the requirements of 12 U.S.C. § 1715z–20, and any regulations and guidance adopted under 12 U.S.C. § 1715z–20, regardless of whether the reverse mortgage loan is insured under 12 U.S.C. § 1715z–20.