§ 11-102

Maryland § 11-102

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 11

Text

(a) In this section, “installment loan” has the meaning stated in § 11–301 of this title.

(b) Except for § 11–219 of this title, this title does not apply to a person that acquires or is assigned in whole or in part:

(1) A mortgage, if the person does not otherwise make mortgages;

(2) A mortgage loan, as defined in § 11–501 of this title, if the person does not otherwise engage in the mortgage lending business, as defined in § 11–501 of this title; or

(3) An installment loan, if the person:

(i) Relies on another person to service or collect on the installment loan; and

(ii) Does not otherwise make installment loans.

(c) This section may not be construed to alter the definition of “student loan servicer”, as defined in § 2–104.1 of this article.