Unannotated Code of Maryland (Last Updated: May 16, 2014) |
COMMERCIAL LAW |
TITLE 12. CREDIT REGULATIONS |
SUBTITLE 8. LOANS -- FINDER'S FEES |
§ 12-806. Refund of finder's fee
Latest version.
-
A borrower is entitled to a refund of any finder's fee paid to a mortgage broker if:
(1) The loan transaction is not made to the borrower; or
(2) The borrower exercises his right to rescind the loan transaction under the federal Truth in Lending Act or any similar federal or State law.