1. A. This chapter applies to any lender that makes a mortgage loan secured by owner–occupied residential real property located in the State.

2. B. This chapter does not apply to:

   1. (1) Any mortgage loan in which the initial application was completed prior to January 1, 2011;
   2. (2) A secondary mortgage loan;
   3. (3) An open–end or revolving home equity line of credit;
   4. (4) A construction loan;
   5. (5) An individual who takes back a deferred purchase money mortgage in connection with the sale of residential real property owned by, and titled in the name of, the individual; or
   6. (6) An individual who makes a mortgage loan to a borrower who is the individual’s spouse, child, child’s spouse, parent, sibling, grandparent, grandchild, or grandchild’s spouse.

Authority: Commercial Law Article, §12-1303, Annotated Code of Maryland

Effective date: January 1, 2011 (37:20 Md. R. 1392)