{"data":{"id":"us-md/md.-code-real-property-7-307","jurisdiction":"us-md","citation":"Md. Code, Real Property § 7–307","heading":"","body":"A foreclosure consultant may not:\n(1) Engage in, arrange, offer, promote, promise, solicit, participate in, assist with, or carry out a foreclosure rescue transaction;\n(2) Claim, demand, charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented that the foreclosure consultant would perform;\n(3) Claim, demand, charge, collect, or receive any interest or any other compensation for any loan that the foreclosure consultant makes to the homeowner that exceeds 8% a year;\n(4) Take any wage assignment, any lien of any type on real or personal property, or other security to secure the payment of compensation;\n(5) Receive any consideration from any third party in connection with foreclosure consulting services provided to a homeowner unless the consideration:\n(i) Is first fully disclosed in writing to the homeowner;\n(ii) Is clearly listed on any settlement documents; and\n(iii) Is not in violation of any provision of this subtitle;\n(6) Receive a commission, regardless of how described, for the sale of a residence in default that exceeds 8% of the sales price;\n(7) Receive any money to be held in escrow or on a contingent basis on behalf of the homeowner;\n(8) Acquire any interest, directly or indirectly, or by means of a subsidiary, affiliate, or corporation in which the foreclosure consultant or a member of the foreclosure consultant’s immediate family is a primary stockholder, in a residence in default from a homeowner with whom the foreclosure consultant has contracted;\n(9) Take any power of attorney from a homeowner for any purpose, except to inspect documents as provided by law; or\n(10) Induce or attempt to induce any homeowner to enter into a foreclosure consulting contract that does not comply in all respects with this subtitle.","path":["Article - Real Property"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=grp\u0026section=7-307","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:38Z","sha256":"93459646b938db281269e2529867bfe9e465b28ad66a9b5c335a073220e379de","source_id":"us-md","stale":false,"prev":"us-md/md.-code-real-property-7-306","next":"us-md/md.-code-real-property-7-308"},"notice":"GroundRules: Original legal text. Not legal advice."}