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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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REAL PROPERTY |
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TITLE 7. MORTGAGES, DEEDS OF TRUST, AND VENDOR'S LIENS |
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SUBTITLE 3. PROTECTION OF HOMEOWNERS IN FORECLOSURE ACT |
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PART II. FORECLOSURE CONSULTANTS |
§ 7-309. Duties
Latest version.
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(a) In general. -- A foreclosure consultant has a duty to provide the homeowner with written copies of any research the foreclosure consultant has regarding the value of the homeowner's residence in default, including any information on sales of comparable properties or any appraisals.
(b) Duty of care. -- A foreclosure consultant owes the same duty of care to a homeowner as a licensed real estate broker owes to a client under § 17-532 of the Business Occupations and Professions Article.