Section 12-1302 - Applicability of subtitle. - Maryland Statutes

§ 12-1302. Applicability of subtitle.
 

(a)  Applicability.- This subtitle applies to any lender that makes a mortgage loan secured by owner-occupied residential real property located in the State. 

(b)  Exceptions.- This subtitle does not apply to: 

(1) A secondary mortgage loan; 

(2) An open-end or revolving home equity line of credit; 

(3) A construction loan; 

(4) An individual who takes back a deferred purchase money mortgage in connection with the sale of residential real property owned by, and titled in the name of, the individual; or 

(5) An individual who makes a mortgage loan to a borrower who is the individual's spouse, child, child's spouse, parent, sibling, grandparent, grandchild, or grandchild's spouse. 
 

[2010, ch. 736.]