<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="11-204" title_number="11" title_name="Consumer Credit" subtitle_number="2" subtitle_name="Consumer Loans -- Licensing Provisions">
  <level label="a">
    <text>A person may not:</text>
    <level label="1">
      <text>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;</text>
    </level>
    <level label="2">
      <text>Conduct any business under the Maryland Consumer Loan Law under a name different from the licensed name; or</text>
    </level>
    <level label="3">
      <text>Evade the application of this section by any device, subterfuge, or pretense of any kind.</text>
    </level>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
  <level label="c">
    <text>Notwithstanding subsections (a) and (b) of this section, for a loan that is to be secured by residential real property:</text>
    <level label="1">
      <text>A licensee may solicit and accept an application for a loan:</text>
      <level label="i">
        <text>By mail;</text>
      </level>
      <level label="ii">
        <text>By telephone or other electronic means; or</text>
      </level>
      <level label="iii">
        <text>At any location requested by the prospective borrower;</text>
      </level>
    </level>
    <level label="2">
      <text>Except as provided in item (3) of this subsection, the loan closing shall be conducted at:</text>
      <level label="i">
        <text>A licensed location;</text>
      </level>
      <level label="ii">
        <text>The office of an attorney representing the licensee, the borrower, the title company, or title insurer in connection with the loan; or</text>
      </level>
      <level label="iii">
        <text>The office of the title insurer or title agency performing closing services in connection with the loan; and</text>
      </level>
    </level>
    <level label="3">
      <text>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.</text>
    </level>
  </level>
</section>
