Md. Code, Financial Institutions § 5-507
This is the official text of Md. Code, Financial Institutions § 5-507, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§5–507.
Official statutory text
(a) If a banking institution rejects an application for a residential mortgage loan, the banking institution shall give the applicant, at the applicant’s request, written notice of the rejection.
(b) The applicant may use this written notice as evidence of rejection for purposes of the Maryland Home Financing Program.
(b) The applicant may use this written notice as evidence of rejection for purposes of the Maryland Home Financing Program.
Status: in_force · Read it on the official government site
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