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<section article="gfi" article_name="Financial Institutions" number="11-521" title_number="11" title_name="Consumer Credit" subtitle_number="5" subtitle_name="Maryland Mortgage Lender Law">
  <level label="a">
    <text>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:</text>
    <level label="1">
      <text>Secured, in whole or in part, by any interest in a dwelling or residential real estate in Maryland; and</text>
    </level>
    <level label="2">
      <text>In excess of $75,000.</text>
    </level>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
</section>
