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§ 11-301. Definitions

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2021

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 3. Installment Loans--Licensing Provisions
Effective: October 1, 2021
MD Code, Financial Institutions, § 11-301
§ 11-301. Definitions
In general
(a) In this subtitle the following words have the meanings indicated.
Installment loan
(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.
License
(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.
Licensee
(d) “Licensee” means a person licensed under this subtitle to make installment loans.

Credits

Added by Acts 2021, c. 101, § 2, eff. Oct. 1, 2021.
MD Code, Financial Institutions, § 11-301, MD FIN INST § 11-301
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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