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Statutes Text

Article - Financial Institutions




§11–102.

    (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.



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