Maryland Code, FINANCIAL INSTITUTIONS 11-520
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 11-520
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A mortgage lender may not do business under any trade name that misrepresents or tends to misrepresent that the mortgage lender is:
(1) A bank, trust company, or savings bank;
(2) A savings and loan association;
(3) A credit union; or
(4) An insurance company.