2013 Maryland Code
COMMERCIAL LAW
§ 12-801 - Definitions
§12-801.
(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.
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