Maryland Code, FINANCIAL INSTITUTIONS 11-303

Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See

Unless the person is licensed by the Commissioner, a person may not:

(1) Engage in the business of making installment loans;

(2) Make more than 5 installment loans a year; or

(3) Engage in the business of a credit services business as defined under Title 14, Subtitle 19 of the Commercial Law Article.