§ 12–307
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-307 (2026)
Title 12. Credit Regulations
Subtitle 3. Consumer Loans -- Credit Provisions
§ 12–307LinkCopy Citation
(a)
At the time a loan is made, a lender may collect from the borrower:
(1)
As to any item of the total property that secures a loan:
(i)
The fees paid to a public official or governmental agency for recording or satisfying a mortgage, encumbrance, or lien on any property securing the loan; or
(ii)
An equal or lesser amount for nonfiling insurance premium on any property, or portion of the property, that is not recorded if:
(1)
The Insurance Commissioner approves the rates; and
(2)
A commission is not paid on the policy; and
(2)
The title insurance premiums or reasonable attorney’s fees paid for searching and insuring the title to any real property securing the loan.
(b)
A lender may collect from the borrower a fee not exceeding $15 if payment is made with a check that is dishonored on the second presentment.