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Statutes Text

Article - Financial Institutions




§11–301.

    (a)    In this subtitle the following words have the meanings indicated.

    (b)    “Installment loan” means a loan or extension of credit made for consideration under § 12–103(a)(3) or (c) or Title 12, Subtitle 9, or Subtitle 10 of the Commercial Law Article.

    (c)    “License” means a license issued in any form by the Commissioner under this subtitle to make installment loans, including as provided for through NMLS.

    (d)    “Licensee” means a person licensed under this subtitle to make installment loans.



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