1. (a) In this subtitle the following words have the meanings indicated.
2. (b) “Borrower” means an individual who obtains a loan or advance of money.
3. (c) “Commissioner” means the Commissioner of Financial Regulation.
4. (d) “Finder's fee” means any compensation or commission directly or indirectly imposed by a broker and paid by or on behalf of the borrower for the broker's services in procuring, arranging, or otherwise assisting a borrower in obtaining a loan or advance of money.
5. (e) “Lender” means a person defined as a mortgage lender under § 11-501(j)(1)(ii) of the Financial Institutions Article.
6. (f) “Mortgage broker” means a person defined as a mortgage lender under § 11-501(j)(1)(i) of the Financial Institutions Article.
7. (g) “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.

Added by Acts 1979, c. 351, § 1, eff. July 1, 1979. Amended by Acts 1980, c. 257; Acts 1989, c. 476, § 1; Acts 1990, c. 6, § 2; Acts 1996, c. 326, § 10, eff. July 1, 1996; Acts 1997, c. 14, § 20, eff. April 8, 1997; Acts 2005, c. 25, § 12, eff. April 12, 2005; Acts 2009, c. 60, § 5, eff. April 14, 2009; Acts 2010, c. 111, § 1, eff. Oct. 1, 2010; Acts 2010, c. 112, § 1, eff. Oct. 1, 2010; Acts 2010, c. 611, § 2, eff. June 1, 2010.