§ 12–1208
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-1208 (2026)
Title 12. Credit Regulations
Subtitle 12. Reverse Mortgage Loans Act
§ 12–1208LinkCopy Citation
(a)
Except as otherwise provided in this section:
(1)
A lender or arranger of financing for a reverse mortgage loan insured under 12 U.S.C. § 1715z–20 that violates this subtitle is subject to the penalties provided in 12 U.S.C. § 1715z–20, and in any regulations and guidance adopted under 12 U.S.C. § 1715z–20; and
(2)
A lender or arranger of financing for a reverse mortgage loan not insured under 12 U.S.C. § 1715z–20 that violates this subtitle:
(i)
Engages in an unfair or deceptive trade practice within the meaning of Title 13 of this article; and
(ii)
Is subject to the enforcement and penalty provisions contained in Title 13 of this article, except § 13–411.
(b)
A violation of this subtitle does not constitute a violation of any other subtitle of this title.