§ 12–801
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-801 (2026)
Title 12. Credit Regulations
Subtitle 8. Loans -- Finder's Fees
§ 12–801LinkCopy Citation
(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.