Maryland Code, FINANCIAL INSTITUTIONS 11-504
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 11-504
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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
A person may not act as a mortgage lender unless the person is:
(1) A licensee; or
(2) A person exempted from licensing under this subtitle.