# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 19 — Homebuyer Education and Counseling

### Chapter 01 — Required Notice of Housing Counseling Programs and Services

#### Regulation .04 Timing of Notice.

*COMAR 05.19.01.04*

A. The notice required under Regulation .03 of this chapter shall be provided to a borrower within 10 business days after initial application.

B. A lender may require borrower to complete a written application before agreeing to begin processing the loan, if that requirement is explained to the applicant.

C. A lender may not close on a mortgage loan unless the lender has provided the notice required under §A of this regulation.