1. (a) Except as otherwise provided in this section:

   1. (1) A lender or arranger of financing for a reverse mortgage loan insured under 12 U.S.C. § 1715z-20 that violates this subtitle is subject to the penalties provided in 12 U.S.C. § 1715z-20, and in any regulations and guidance adopted under 12 U.S.C. § 1715z-20; and

   2. (2) A lender or arranger of financing for a reverse mortgage loan not insured under 12 U.S.C. § 1715z-20 that violates this subtitle:

      1. (i) Engages in an unfair or deceptive trade practice within the meaning of Title 13 of this article; and
      2. (ii) Is subject to the enforcement and penalty provisions contained in Title 13 of this article, except § 13-411.
2. (b) A violation of this subtitle does not constitute a violation of any other subtitle of this title.

Added by Acts 2010, c. 622, § 1, eff. Oct. 1, 2010; Acts 2010, c. 623, § 1, eff. Oct. 1, 2010.