Maryland § 12-119
Full text of Maryland Maryland Code § 12-119, with citation guidance and answers to common questions.
§ 12-119.
(a) This section applies to any application for a loan, other than a commercial loan, to be secured by a first mortgage or first deed of trust on a borrower's primary residence.
(b) Any lender that imposes fees on borrowers for settlement services, or document review services, performed by a lender-designated attorney, or who conditions settlement on the employment of a particular attorney or title insurance company under § 12-120(c) of this subtitle, shall provide a prospective borrower with a written notice stating:
(1) The lender’s requirements concerning selection of an attorney, title insurance company, or other person to perform settlement services relating to the purchase of the real property;
(2) The borrower’s ability to choose an attorney or title insurance company under § 12-120(c) of this subtitle; and
(3) A good faith estimate of the fee or fees to be charged to the borrower.
(c) If notice is required by this section:
(1) The notice shall be provided at the time of or within 3 days after the application for a loan, or earlier upon request; and
(2) A copy of the notice, signed by the applicant, shall accompany any executed application for a loan.
Frequently Asked Questions About Maryland § 12-119
What does Maryland Code § 12-119 cover?
Section 12-119 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 12-119?
A common citation format is "Maryland Code § 12-119" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-119 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.