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

§ 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. 
 

[2010, chs. 622, 623.]