Md. Code Ann., Fin. Inst. § 11-301
Definitions
Effective Apr 22, 2025Added by Acts 2021, c. 101, § 2, eff. Oct. 1, 2021. Amended by Acts 2025, c. 118, § 1, eff. April 22, 2025; Acts 2025, c. 119, § 1, eff. April 22, 2025.State of Maryland
- (a) In this subtitle the following words have the meanings indicated.
- (b) “Installment loan” means a loan or extension of credit made for consideration under § 12-103(a)(3) or (c) or Title 12, Subtitle 9, or Subtitle 10 of the Commercial Law Article.
- (c) “License” means a license issued in any form by the Commissioner under this subtitle to make installment loans, including as provided for through NMLS.
- (d) “Licensee” means a person licensed under this subtitle to make installment loans.
Added by Acts 2021, c. 101, § 2, eff. Oct. 1, 2021. Amended by Acts 2025, c. 118, § 1, eff. April 22, 2025; Acts 2025, c. 119, § 1, eff. April 22, 2025.