Section 12-1208 - Violations; penalties. - Maryland Statutes

§ 12-1208. Violations; penalties.
 

(a)  In general.- Except as otherwise provided in this section: 

(1) A lender or arranger of financing for a reverse mortgage loan insured under 12 U.S.C. § 1715z-20 that violates this subtitle is subject to the penalties provided in 12 U.S.C. § 1715z-20, and in any regulations and guidance adopted under 12 U.S.C. § 1715z-20; and 

(2) A lender or arranger of financing for a reverse mortgage loan not insured under 12 U.S.C. § 1715z-20 that violates this subtitle: 

(i) Engages in an unfair or deceptive trade practice within the meaning of Title 13 of this article; and 

(ii) Is subject to the enforcement and penalty provisions contained in Title 13 of this article, except § 13-411. 

(b)  Violation of subtitle not constituting violation of other subtitles of this title.- A violation of this subtitle does not constitute a violation of any other subtitle of this title. 
 

[2010, chs. 622, 623.]