A person may not engage in the business of making loans under this subtitle unless the person is licensed under or is exempt from the licensing requirements of Title 11, Subtitle 2 of the Financial Institutions Article, the Maryland Consumer Loan Law -- Licensing Provisions.

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 1980, c. 33, § 5.

Formerly Art. 11, § 165.