§ 12-801
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/md/commercial-law/12-801A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.