Petry v. Prosperity Mortgage Co.

by
Plaintiffs filed suit against Prosperity Mortgage, alleging that the fees Prosperity Mortgage charged at closing violated the Maryland Finder's Fee Act, Md. Code Ann., Com. Law 12-801 to 12-809. The court concluded that because Prosperity Mortgage was identified as the lender in the documents executed at closing, it was not a "mortgage broker" as the Act defines that term and therefore was not subject to the Act's provision. Accordingly, the court affirmed the district court's entry of judgment as a matter of law in favor of defendants. View "Petry v. Prosperity Mortgage Co." on Justia Law