The Maryland Department of Labor, Licensing, Regulation Disclosure is required to be provided pursuant to Md. Regs. Code. 09.03.10.03(C) as follows:
We previously interpreted this code to mean that the Maryland DLLR Disclosures were to be provided both 10 days after application and again 72 hours before settlement. Upon further review of the provision set forth in (C)(3), we now take the position that the disclosures should be provided within 10 days of application and again 72 hours before settlement ONLY if there are modifications to the loan terms that would prompt a redisclosure.
Due to this interpretation we will be modifying the print configuration on this doc from printing in Initials and Closing packages to printing in Initials and Redisclosure packages.
These changes will take effect on June 10, 2015. If you have any questions or concerns about these changes please contact Client Support at 1.800.497.3584.
June 3, 2015