# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 3. Installment Loans -- Licensing Provisions

#### Section 11-301

(a) In this subtitle the following words have the meanings indicated.

(b) "Installment loan" means a loan or extension of credit made for consideration under Sec. 12-103(a)(3) or (c) or Title 12, Subtitle 9, or Subtitle 10 of the Commercial Law Article.

(c) "License" means a license issued in any form by the Commissioner under this subtitle to make installment loans, including as provided for through NMLS.

(d) "Licensee" means a person licensed under this subtitle to make installment loans.

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