§ 12-902
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/md/financial-institutions/12-902A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–902.
This subtitle does not apply to:
(1)The following persons when engaged in the regular course of their respective businesses and professions:
(i)An attorney at law;
(ii)An escrow agent;
(iii)A certified public accountant;
(iv)A banking institution, other-state bank, national banking association, credit union, or savings and loan association;
(v)A person that:
1. Provides bill payer services, as defined in § 12-401 of this title;
2. Does not initiate any contract with individual creditors of the debtor to compromise a debt or arrange a new payment schedule; and
3. Does not provide any debt counseling services;
(vi)A person that provides accelerated mortgage payment services, as defined in § 12-401 of this title;
(vii)A title insurer, title insurance agency, or abstract company; or
(viii)A judicial officer or a person acting under a court order;
(2)A person while performing services incidental to the dissolution, winding up, or liquidation of a partnership, corporation, or other business enterprise;
(3)A trade or mercantile association acting in the course of arranging the adjustment of debts with a business establishment; or
(4)A mortgage lender, as defined in § 11-501 of this article, that:
(i)Is licensed by the Commissioner; and
(ii)Does not receive funds from a consumer for the purpose of distributing the funds among the consumer’s creditors in full or partial payment of the consumer’s debts.