# Commercial Law (GCL)

## Title 12. Credit Regulations

### Subtitle 1. Interest and Usury

#### Section 12-119

(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.

(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 Sec. 12-120(c) of this subtitle, shall provide a prospective borrower with a written notice stating:

  (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;

  (2) The borrower's ability to choose an attorney or title insurance company under Sec. 12-120(c) of this subtitle; and

  (3) A good faith estimate of the fee or fees to be charged to the borrower.

(c) If notice is required by this section:

  (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

  (2) A copy of the notice, signed by the applicant, shall accompany any executed application for a loan.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)