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Maryland Code, Commercial Law § 12-1301

Current as of January 01, 2025 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Maryland Code, Commercial Law § 12-1301 - last updated January 01, 2025 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-12-1301/

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