Maryland Code, REAL PROPERTY 7-308
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, REAL PROPERTY 7-308
- Contract: A legal written agreement that becomes binding when signed.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
(a) (1) In this section the following words have the meanings indicated.
(2) “License” has the meaning stated in § 17-101(g) of the Business Occupations and Professions Article.
(3) “Provide real estate brokerage services” has the meaning stated in § 17-101(l) of the Business Occupations and Professions Article.
(b) A foreclosure consultant who provides real estate brokerage services shall be licensed as required under Title 17 of the Business Occupations and Professions Article.
(c) A foreclosure consultant shall present a copy of the license to a homeowner no later than the time a foreclosure consulting contract is executed.