{"data":{"id":"us-md/md.-code-financial-institutions-11-522","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 11–522","heading":"","body":"(a) (1) This subsection applies only to a conventional home mortgage loan that is not already required by law or regulation by the State or federal government to be assumable in connection with the granting of absolute divorce.\n(2) A mortgage lender or a mortgage lending business in the State shall include in any conventional home mortgage loan a provision authorizing any of the existing borrowers to purchase the property interest of another borrower on the loan by assuming the seller’s portion of the mortgage if:\n(i) The assumption is in connection with the granting of a decree of absolute divorce; and\n(ii) The mortgage lender or mortgage lending business determines that the assuming borrower qualifies for the loan.\n(b) A mortgage lender or a mortgage lending business in the State shall disclose an assumption provision in any conventional home mortgage loan in writing to a loan applicant before the completion of the loan application.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=11-522","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"5976319d311ebf2596d4a68e9be02f99d042c82ab6f39afa214b08b9b390fe63","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-11-521","next":"us-md/md.-code-financial-institutions-11-523"},"notice":"GroundRules: Original legal text. Not legal advice."}