Md. Code, Com. Law § 12-1205
Md. Code, Com. Law § 12-1205
Maryland · Maryland Code, Commercial Law · Status: effective
Cite this
- Citation
- Md. Code, Com. Law § 12-1205, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1758097
- Permanent ID
ys:prov:1758097@1- SHA-256
840884d267bbcbd42c41403accf3b39d232faff370a6ed74d2bfeb8dc1730967
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A reverse mortgage loan that is not insured under 12 U.S.C. § 1715z–20 is not subject to the provisions in 12 U.S.C. § 1715z–20, or in any regulations or guidance adopted under 12 U.S.C. § 1715z–20, that:
(1) Limit origination fees to $6,000 as adjusted under 12 U.S.C. § 1715z–20(r);
(2) Impose maximum claim amounts or other loan limit restrictions; or
(3) Require government insurance for the loan.
(b) A lender or an arranger of financing is not subject to the federal regulatory approval requirements of 24 C.F.R., Part 202 when making or arranging a reverse mortgage loan that is not insured under 12 U.S.C. § 1715z–20.