Maryland Financial Institutions Section 9-804

      (a)      For the purposes of this article and the Corporations and Associations Article, in addition to the activities listed in CA §§ 7-103 and 7-104, the following activities of a foreign association do not constitute doing business or having tax situs in this State:

            (1)      Making or investing in loans on property in this State;

            (2)      Purchasing, acquiring, holding, selling, assigning, transferring, collecting, or enforcing by foreclosure or otherwise any whole or partial interest in any obligation secured by a mortgage or similar instrument, covering property in this State; or

            (3)      Employing an attorney, surveyor, or appraiser in connection with any activity permitted by this section or the servicing and collection of any investment in this State through a corporation that is authorized to do business in this State.

      (b)      Nothing in this section exempts a foreign corporation from the licensing requirements of Title 11, Subtitle 5 of this article.