# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 5. Maryland Mortgage Lender Law

#### Section 11-521

(a) A mortgage lender shall require a borrower to provide the mortgage lender with independent evidence of the commercial purpose of the loan where the loan is:

  (1) Secured, in whole or in part, by any interest in a dwelling or residential real estate in Maryland; and

  (2) In excess of $75,000.

(b) Other than the requirements of subsection (a) of this section, a mortgage lender is not required to make an independent investigation to obtain independent evidence of the commercial purpose.

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