§ 12–121
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-121 (2026)
Title 12. Credit Regulations
Subtitle 1. Interest and Usury
§ 12–121LinkCopy Citation
(a)
In this section, the term “lender’s inspection fee” means a fee imposed by a lender to pay for a visual inspection of real property.
(b)
Except as provided in subsection (c) of this section, a lender may not impose a lender’s inspection fee in connection with a loan secured by residential real property.
(c)
A lender’s inspection fee may be charged if the inspection is needed to ascertain completion of:
(1)
Construction of a new home; or
(2)
Repairs, alterations, or other work required by the lender.
(d)
This section does not apply to an appraisal of the value of real property by a lender or to fees imposed in connection with an appraisal.