1. (a) In this subtitle the following terms have the meanings indicated.

2. (b)

   1. (1) “Adverse action” means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested.
   2. (2) “Adverse action” does not include a refusal to extend additional credit under an existing credit arrangement where the applicant is delinquent or otherwise in default, or where such additional credit would exceed a previously established credit limit.
3. (c) “File” means file as defined in § 14-1201(h) of this title.

4. (d) “Lender” or “credit grantor” means:

   1. (1) Any lender or credit grantor regulated under Title 12 of this article; or
   2. (2) A credit union making a loan under § 6-601(e) of the Financial Institutions Article.

Added by Acts 1985, c. 669, § 1, eff. July 1, 1985. Amended by Acts 1986, c. 5, § 1; Acts 2001, c. 147, § 9, eff. Oct. 1, 2001; Acts 2001, c. 148, § 9, eff. Oct. 1, 2001; Acts 2018, c. 12, § 6.