<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="11-303" title_number="11" title_name="Consumer Credit" subtitle_number="3" subtitle_name="Installment Loans -- Licensing Provisions">
  <text>Unless the person is licensed by the Commissioner, a person may not:</text>
  <level label="1">
    <text>Engage in the business of making installment loans;</text>
  </level>
  <level label="2">
    <text>Make more than 5 installment loans a year; or</text>
  </level>
  <level label="3">
    <text>Engage in the business of a credit services business as defined under Title 14, Subtitle 19 of the Commercial Law Article.</text>
  </level>
</section>
