Md. Code, Com. § 12-1203

Current with changes from the 2024 Legislative Session

Section 12-1203 - Specific payment plan or loans to borrowers not holding fee simple interest not required

This subtitle does not require a lender that offers to make a reverse mortgage loan to offer a reverse mortgage loan:

(1) With any one or more particular payment plans; or

(2) To a prospective borrower who holds title to a dwelling in other than fee simple interest.

Md. Code, CL § 12-1203