Maryland Statutes
Subtitle 10 - Credit Grantor Closed End Credit Provisions
Section 12-1027 - Lender's Inspection Fee

(a)    In this section, “lender’s inspection fee” means a fee imposed by a credit grantor to pay for a visual inspection of residential real property.
    (b)    Except as provided in subsection (c) of this section, a credit grantor may not impose a lender’s inspection fee in connection with a loan made to a consumer borrower that is secured by residential real property.
    (c)    A lender’s inspection fee may be imposed on a consumer borrower if the inspection is needed to ascertain completion of:
        (1)    Construction of a new home; or
        (2)    Repairs, alterations, or other work required by the credit grantor.
    (d)    This section does not apply to an appraisal of the value of real property by a credit grantor or to fees imposed in connection with an appraisal.

Structure Maryland Statutes