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<section article="gcl" article_name="Commercial Law" number="12-119" title_number="12" title_name="Credit Regulations" subtitle_number="1" subtitle_name="Interest and Usury">
  <level label="a">
    <text>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.</text>
  </level>
  <level label="b">
    <text>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:</text>
    <level label="1">
      <text>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;</text>
    </level>
    <level label="2">
      <text>The borrower’s ability to choose an attorney or title insurance company under § 12-120(c) of this subtitle; and</text>
    </level>
    <level label="3">
      <text>A good faith estimate of the fee or fees to be charged to the borrower.</text>
    </level>
  </level>
  <level label="c">
    <text>If notice is required by this section:</text>
    <level label="1">
      <text>The notice shall be provided at the time of or within 3 days after the application for a loan, or earlier upon request; and</text>
    </level>
    <level label="2">
      <text>A copy of the notice, signed by the applicant, shall accompany any executed application for a loan.</text>
    </level>
  </level>
</section>
