# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 2. Consumer Loans -- Licensing Provisions

#### Section 11-204

(a) A person may not:

  (1) Receive any application for a loan or allow any note or contract for a loan to be signed at any place of business that is not a licensed location;

  (2) Conduct any business under the Maryland Consumer Loan Law under a name different from the licensed name; or

  (3) Evade the application of this section by any device, subterfuge, or pretense of any kind.

(b) This section does not prohibit a licensee from accommodating a borrower, at the borrower's request, by making a loan by mail because of the borrower's sickness or hours of employment or for similar reasons.

(c) Notwithstanding subsections (a) and (b) of this section, for a loan that is to be secured by residential real property:

  (1) A licensee may solicit and accept an application for a loan:

    (i) By mail;

    (ii) By telephone or other electronic means; or

    (iii) At any location requested by the prospective borrower;

  (2) Except as provided in item (3) of this subsection, the loan closing shall be conducted at:

    (i) A licensed location;

    (ii) The office of an attorney representing the licensee, the borrower, the title company, or title insurer in connection with the loan; or

    (iii) The office of the title insurer or title agency performing closing services in connection with the loan; and

  (3) A licensee may conduct the loan closing at another location at the written request of the borrower or the borrower's designee to accommodate the borrower because of the borrower's sickness.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)