{"data":{"id":"us-md/md.-code-financial-institutions-11-521","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–521","heading":"","body":"(a) A mortgage lender shall require a borrower to provide the mortgage lender with independent evidence of the commercial purpose of the loan where the loan is:\n(1) Secured, in whole or in part, by any interest in a dwelling or residential real estate in Maryland; and\n(2) In excess of $75,000.\n(b) Other than the requirements of subsection (a) of this section, a mortgage lender is not required to make an independent investigation to obtain independent evidence of the commercial purpose.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-521","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"92c190c6ef1adfde6730df4f4b1c6f374e4f48839464cdb3d3824a35de933199","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-520","next":"us-md/md.-code-financial-institutions-11-522"},"notice":"GroundRules: Original legal text. Not legal advice."}