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Maryland Code, Commercial Law § 12-806

Current as of January 01, 2025 | Updated by Findlaw Staff

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  1 or any similar federal or State law.

1 Pub.L. 90-321, Title I, May 29, 1968, 82 Stat. 146, codified at 15 U.S.C.A. § 1601 et seq.
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Cite this article: FindLaw.com - Maryland Code, Commercial Law § 12-806 - last updated January 01, 2025 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-12-806/

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