1. (1) a bank, trust company, savings institution, savings and loan association, national bank association, mortgage banker, or other financial institution that:

   1. (i) has an office in the State; and
   2. (ii) makes or originates residential mortgage loans;
2. (2) an insurance company authorized to do business in the State; or
3. (3) the Maryland Home Financing Program.

In carrying out this section and §§ 4-237 through 4-241 of this subtitle, the Administration may not make a loan to a mortgage lender or purchase a mortgage loan from a mortgage lender unless the mortgage lender is:

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Amended by Acts 2005, c. 44, § 1, eff. Oct. 1, 2005.