Current with changes from the 2024 Legislative Session
Section 17-607 - Designation of title insurance, settlement, or escrow company, mortgage lender, financial institution, or title lawyer(a) Except as otherwise provided in subsection (b) of this section, in a real estate transaction involving a single-family dwelling, a real estate broker, an associate real estate broker, a real estate salesperson, or a lawyer acting as a real estate broker may not require a buyer, as a condition of settlement, to employ a particular:(1) title insurance company;(4) mortgage lender, or financial institution as defined in the Financial Institutions Article; or(b) A seller may not be prohibited from offering owner financing as a condition of settlement.