(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.
‹ Prev All Maryland sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.