Md. Code, Commercial Law § 12-801

§12–801.

Year: 2026Length: 144 wordsSubsections: 7Official source
(a) In this subtitle the following words have the meanings indicated. (b) “Borrower” means an individual who obtains a loan or advance of money. (c) “Commissioner” means the Commissioner of Financial Regulation. (d) “Finder’s fee” means any compensation or commission directly or indirectly imposed by a broker and paid by or on behalf of the borrower for the broker’s services in procuring, arranging, or otherwise assisting a borrower in obtaining a loan or advance of money. (e) “Lender” means a person defined as a mortgage lender under § 11–501(j)(1)(ii) of the Financial Institutions Article. (f) “Mortgage broker” means a person defined as a mortgage lender under § 11–501(j)(1)(i) of the Financial Institutions Article. (g) “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.
Md. Code, Commercial Law § 12-801: §12–801. | Justis AI