{"data":{"id":"us-md/md.-code-commercial-law-12-119","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 12–119","heading":"","body":"(a) This section applies to any application for a loan, other than a commercial loan, to be secured by a first mortgage or first deed of trust on a borrower's primary residence.\n(b) Any lender that imposes fees on borrowers for settlement services, or document review services, performed by a lender-designated attorney, or who conditions settlement on the employment of a particular attorney or title insurance company under § 12-120(c) of this subtitle, shall provide a prospective borrower with a written notice stating:\n(1) The lender’s requirements concerning selection of an attorney, title insurance company, or other person to perform settlement services relating to the purchase of the real property;\n(2) The borrower’s ability to choose an attorney or title insurance company under § 12-120(c) of this subtitle; and\n(3) A good faith estimate of the fee or fees to be charged to the borrower.\n(c) If notice is required by this section:\n(1) The notice shall be provided at the time of or within 3 days after the application for a loan, or earlier upon request; and\n(2) A copy of the notice, signed by the applicant, shall accompany any executed application for a loan.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=12-119","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"5817dad2629fe796cc7ea10a075bd34d087a5307b4c558ba7bee9756d0a9e544","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-12-118","next":"us-md/md.-code-commercial-law-12-120"},"notice":"GroundRules: Original legal text. Not legal advice."}