Maryland Code, FINANCIAL INSTITUTIONS 11-302
Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 11-302
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) Between relatives;
(2) Between an employer and an employee;
(3) Between a landlord and a tenant; or
(4) Between a primary or secondary or nonprofit degree-granting postsecondary academic educational institution and a student or parents or guardian of that student, for tuition or other expenses of education at that institution.
(b) The licensing provisions of this subtitle do not apply to any of the following persons, if organized under the laws of this State or otherwise qualified to do business in this State:
(1) A banking institution;
(2) A national banking association;
(3) A federal or State savings and loan association;
(4) A federal or State credit union;
(5) A licensee under Subtitle 2 of this title;
(6) A seller of goods or services or both not engaged in:
(i) Making loans; or
(ii) Acting as a credit services business as defined under Title 14, Subtitle 19 of the Commercial Law Article;
(7) A licensee under Subtitle 5 of this title engaged solely in a mortgage lending business as defined in that subtitle; or
(8) An entity exempt from licensing as a mortgage lender under § 11-502(b)(10) of this title.