§ 5–507
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 5-507 (2026)
Title 5. Banking Institutions -- General Provisions
Subtitle 5. Miscellaneous Regulations
§ 5–507LinkCopy Citation
(a)
If a banking institution rejects an application for a residential mortgage loan, the banking institution shall give the applicant, at the applicant’s request, written notice of the rejection.
(b)
The applicant may use this written notice as evidence of rejection for purposes of the Maryland Home Financing Program.