MD HB1151

Sellers or their agents may provide comparable sales and cost approach information to appraisers at any time during the sale process, and appraisers must accept and consider this information

When an appraisal comes in below the contract price, the appraiser must notify the lender, who must promptly notify the buyer and buyer's agent; the buyer and seller then have 2 business days to provide additional information for reconsideration

Homeowners seeking to refinance or establish a home equity line of credit have the right to provide additional information, including comparable sales data, if the appraised value is lower than expected

Lenders must provide a written copy of any appraisal or reconsideration to the requesting party at no cost

Training and continuing education for licensed appraisers in Maryland must include information on these requirements; effective October 1, 2025