Recently received an update regarding a change in one of the foreclosure notices concerning Vacant and Abandoned Property. If the Bank is not required to be licensed to conduct business in MD, as the Bank is exempt from licensing, do the foreclosure rules apply to that Bank. I am not seeing anything specific in either direction.

For example- MD requires a loss mitigation application package. If the Bank is considered a small servicer under RESPA and does offer loss mitigation, does it need to have one available for properties within MD.

Let me know your thoughts and where I can find anything guiding me in the right direction. Thank you.

Anyone?

FYI- I meant within the example to write "does not offer loss mitigation". Any assistance would be greatly appreciated. Thanks in advance.