<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="11-504" title_number="11" title_name="Consumer Credit" subtitle_number="5" subtitle_name="Maryland Mortgage Lender Law">
  <text>A person may not act as a mortgage lender unless the person is:</text>
  <level label="1">
    <text>A licensee; or</text>
  </level>
  <level label="2">
    <text>A person exempted from licensing under this subtitle.</text>
  </level>
</section>
