Mortgage Lender Did Not Violate Maryland Law By Receiving Commission From Insurer

(June 14, 2024, 8:21 AM EDT) -- BALTIMORE — A federal judge in Maryland has held that a mortgage lender did not violate the Credit Grantor Closed End Credit Provisions (CLEC) by receiving a commission from a third-party insurer because the CLEC is inapplicable to the lender’s receipt of a commission, granting the lender’s motion for judgment on the pleadings in a putative class action challenging its charge and collection of the insurance premiums....