§ 12-915. Financial institutions article; licensing
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 12-915
§ 12-915. Financial institutions article; licensing
(a) A credit grantor making a loan or extension of credit under this subtitle is subject to the licensing, investigatory, enforcement and penalty provisions of Title 11, Subtitle 3 of the Financial Institutions Article unless the credit grantor or the loan or extension of credit is exempt under Title 11, Subtitle 3 of the Financial Institutions Article.
(b) In addition to any license which may be required by subsection (a) of this section, a credit grantor making a loan or extension of credit under this subtitle secured by any lien on residential real property is subject to the licensing, investigatory, enforcement and penalty provisions of Title 11, Subtitle 5 of the Financial Institutions Article unless the credit grantor or the loan or extension of credit is exempt under Title 11, Subtitle 5 of the Financial Institutions Article.
Credits
Added by Acts 1983, c. 143, § 1, eff. July 1, 1983. Amended by Acts 1989, c. 476, § 1; Acts 1994, c. 740, § 1, eff. Oct. 1, 1994; Acts 1996, c. 326, § 2, eff. July 1, 1996.
MD Code, Commercial Law, § 12-915, MD COML § 12-915
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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