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Section 5-507 - Notice of Rejection of Application for Residential Mortgage — Maryland Law | CourtGPT
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  7. Section 5-507 - Notice of Rejection of Application for Residential Mortgage
Maryland Legal Code

Section 5-507 - Notice of Rejection of Application for Residential Mortgage

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(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.