Md. Code Regs. 05.19.01.04

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.19.01.04 - Timing of Notice

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.

Md. Code Regs. 05.19.01.04