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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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REAL PROPERTY |
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TITLE 14. MISCELLANEOUS RULES |
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SUBTITLE 1. MISCELLANEOUS RULES |
§ 14-104.1. Borrower's right to copy of appraisal made for lender
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If a bank, mortgage banker, savings and loan association, or any other lender has an appraisal made on residential real property to establish a market value for lending purposes, the lender shall give a copy of any written appraisal to the borrower on his request if the borrower pays the cost of the appraisal. The appraisal may be submitted to another lender if the original lender has rejected the borrower's loan application.