# Commercial Law (GCL)

## Title 12. Credit Regulations

### Subtitle 4. Secondary Mortgage Loans -- Credit Provisions

#### Section 12-403

(a) A person may not advertise directly or indirectly in the State any false or misleading statement regarding secondary mortgage loans or their availability.

(b) This section does not apply to the owner, publisher, operator, or employee of any publication or radio or television station which disseminates the statement without knowledge of its false or misleading character.

---

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