Ch. 395                                    1995 LAWS OF MARYLAND

(ii) Made for a bona fide commercial purpose in excess of $75,000.

(b) Reasonable fees for services rendered or for reimbursement of expenses
incurred in good faith by the credit grantor or its agents in connection with the loan,
including:

(1)     Commitment fees;

(2)     Official fees and taxes;

(3)     Premiums or other charges for any guarantee or insurance protecting the
credit grantor against the borrower's default or other credit loss;

(4)     Costs incurred by reason of examination of title, inspection, recording,
and other formal acts necessary or appropriate to the security of the loan;

(5)     Filing fees;

(6)     Attorney's fees; and

(7)     Travel expenses.

(C) (1) THE COST TO THE BORROWER OF AN OPTIONAL DEBT
CANCELLATION AGREEMENT, PROVIDED THAT THE COST OF THE DEBT
CANCELLATION AGREEMENT IS SEPARATELY ITEMIZED IN THE FINANCING
AGREEMENT.

(2) THIS COST IS IN ADDITION TO THE CHARGES PERMITTED UNDER
SUBSECTIONS (A), (B), AND (D) OF THIS SECTION.

[(c)](D) In the case of a loan to a consumer borrower, a fee permitted under
subsection (b) of this section may not be charged and collected unless:

(1)     The agreement, note, or other evidence of the loan permits;

(2)     The fee is an actual and verifiable expense of the credit grantor not
retained by him; and

(3)     Limited to charges for:

(i) Attorney's fees for services rendered in connection with the
preparation, closing, or disbursement of the loan:

(ii) Any expense, tax, or charge paid to a governmental agency;

(iii) Examination of title, appraisal, or other costs necessary or
appropriate to the security of the loan; and

(iv) Premiums for any insurance coverage permitted under this
subtitle.

[(d)](E) For purposes of this subtitle, fees and charges permitted under this
section are not interest with respect to a loan.

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