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§ 14-4201. Definitions

West's Annotated Code of MarylandCommercial LawEffective: October 1, 2020

West's Annotated Code of Maryland
Commercial Law
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 42. Mobile Home Retail Sales (Refs & Annos)
Effective: October 1, 2020
MD Code, Commercial Law, § 14-4201
§ 14-4201. Definitions
(a) In this subtitle the following words have the meanings indicated.
(b) “Commissioner” means the Commissioner of Financial Regulation in the Maryland Department of Labor.
(c) “Consumer borrower” means an individual receiving a loan or other extension of credit for personal, household, or family purposes.
(d) “Mobile home” has the meaning stated in § 11-501 of the Financial Institutions Article.
(e) “Mobile home retailer” means a person that:
(1) Sells mobile homes at retail;
(2) Provides information regarding financing products to a borrower for the purchase of a mobile home; and
(3) Is not:
(i) A mortgage lender, as defined in § 11-501 of the Financial Institutions Article; or
(ii) A mortgage originator, as defined in § 11-601 of the Financial Institutions Article.

Credits

Added by Acts 2020, c. 48, § 1, eff. Oct. 1, 2020; Acts 2020, c. 49, § 1, eff. Oct. 1, 2020.
MD Code, Commercial Law, § 14-4201, MD COML § 14-4201
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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