Md. Code, Commercial Law § 12-406
This is the official text of Md. Code, Commercial Law § 12-406, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§12–406.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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