September 28, 2015 


Advisory: Guidelines for Compliance with State and Federal Requirements to Provide Housing Counseling Information to Borrowers


Maryland law requires any lender that makes a mortgage loan secured by owner-occupied residential real property located in Maryland to provide the borrower with a written notice regarding housing counseling, including a list of nonprofit housing counseling providers.  The Dodd-Frank Act amended the Real Estate Settlement Procedures Act to create a new requirement that lenders provide a list of homeownership counselors to applicants for federally related mortgage loans.  In February 2014, the Maryland Department of Housing and Community Development (DHCD) published an Advisory Notice, available here in which DHCD describes how lenders in Maryland can utilize a single form to satisfy both the State and federal requirements to provide a housing counseling notice to borrowers.  (Sample: Required Notice of Housing Counseling Programs and Services Form that Lender Must Provide to Borrower and List of HUD Approved Housing Counseling Agencies).    

For more information, please contact the Compliance Department at

Office of the Commissoner of Financial Regulation

Maryland Department of Labor, Licensing and Regulation

500 North Calvert Street, Suite 402 

Baltimore, MD 21202-3651  

410-230-6100 | Office    410-333-0475 | Fax

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