Specific payment plan or loans to borrowers not holding fee simple interest not required.

  1. Law
  2. Maryland Code
  3. Commercial Law
  4. Credit Regulations
  5. Reverse Mortgage Loans Act.
  6. Specific payment plan or loans to borrowers not holding fee simple interest not required.

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    This subtitle does not require a lender that offers to make a reverse mortgage loan to offer a reverse mortgage loan:

        (1)    With any one or more particular payment plans; or

        (2)    To a prospective borrower who holds title to a dwelling in other than fee simple interest.


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