US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Maryland Statutes » Commercial Law » Title 12 - Credit Regulations » Subtitle 4 - Secondary Mortgage Loans -- Credit Provisions » Section 12-406 – Restrictions on Payment of Commissions, Finder’s Fees, and Points

    (a)    Except as permitted by § 12-405(a) of this subtitle, any commission, finder’s fee, or point shall be paid by the lender, and may be paid only to:

        (1)    A licensed real estate broker;

        (2)    A lawyer licensed to practice law in the State; or

        (3)    A licensee.

    (b)    An agreement to pay a commission, finder’s fee, or point may not be enforced unless it is in writing and signed by the lender.