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§ 12-1301. Definitions

West's Annotated Code of MarylandCommercial LawEffective: January 1, 2011

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 13. Mortgage Loans--Notice of Housing Counseling Programs and Services (Refs & Annos)
Effective: January 1, 2011
MD Code, Commercial Law, § 12-1301
§ 12-1301. Definitions
Currentness
(a) In this subtitle the following words have the meanings indicated.
(b) “Borrower” has the meaning stated in § 11-501 of the Financial Institutions Article.
(c) “Home buyer education or housing counseling” means instruction on preparing for home ownership, shopping for a home, obtaining a mortgage, loan closing, and life as a homeowner.
(d) “Lender” means a person that makes a mortgage loan.
(e) “Mortgage loan” has the meaning stated in § 11-501 of the Financial Institutions Article.
(f) “Secondary mortgage loan” means a mortgage loan secured by residential real property that is subject to the lien of one or more prior mortgage loans.

Credits

Added by Acts 2010, c. 736, § 1, eff. Jan. 1, 2011.
MD Code, Commercial Law, § 12-1301, MD COML § 12-1301
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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