2013 Maryland Code
COMMERCIAL LAW
§ 12-1301 - Definitions
§12-1301.
(a) In this subtitle the following words have the meanings indicated.
(b) “Borrower” has the meaning stated in § 11-501 of the Financial Institutions Article.
(c) “Home buyer education or housing counseling” means instruction on preparing for home ownership, shopping for a home, obtaining a mortgage, loan closing, and life as a homeowner.
(d) “Lender” means a person that makes a mortgage loan.
(e) “Mortgage loan” has the meaning stated in § 11-501 of the Financial Institutions Article.
(f) “Secondary mortgage loan” means a mortgage loan secured by residential real property that is subject to the lien of one or more prior mortgage loans.
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