Maryland Statutes
Subtitle 3 - Consumer Loans -- Credit Provisions
Section 12-307 - Collection of Certain Fees

(a)    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)    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.

Structure Maryland Statutes