Section 12-307 - Collection of certain fees. - Maryland Statutes

§ 12-307. Collection of certain fees.
 

(a)  In general.- At the time a loan is made, a lender may collect from the borrower: 

(1) As to any item of the total property that secures a loan: 

(i) The fees paid to a public official or governmental agency for recording or satisfying a mortgage, encumbrance, or lien on any property securing the loan; or 

(ii) An equal or lesser amount for nonfiling insurance premium on any property, or portion of the property, that is not recorded if: 

1. The Insurance Commissioner approves the rates; and 

2. A commission is not paid on the policy; and 

(2) The title insurance premiums or reasonable attorney's fees paid for searching and insuring the title to any real property securing the loan. 

(b)  Bad check fee.- A lender may collect from the borrower a fee not exceeding $15 if payment is made with a check that is dishonored on the second presentment. 
 

[An. Code 1957, art. 11, § 196; 1975, ch. 49, § 3; 1977, ch. 693, § 2; 1979, chs. 159, 357; 1980, ch. 735; 1984, ch. 217; 1991, ch. 432.]