418

LAWS OF MARYLAND

[Ch. 49

(D)       LICENSEE.

"LICENSEE" MEANS A PERSON WHO IS LICENSED UNDER THE
MARYLAND CONSUMER LOAN LAW - LICENSING PROVISIONS.

REVISOR'S NOTE: This subsection is new language
derived without substantive change from the
fourth paragraph of Art. 11, §164.

With respect to the division of present Art.
11, §§ 163 through 206, see general revisor's
note to this subtitle. With respect to the
adoption of the name "Consumer Loan Law," see
revisor's note to §12—316.

(E)       LOAN.

"LOAN" MEANS ANY LOAN OF MONEY OR ADVANCE OF CREDIT
MADE UNDER THIS SUBTITLE.

REVISOR'S NOTE: This subsection is new language
added without substantive change to avoid
undue repetition of phrases such as "loan or
advance of money or credit made under this
subtitle," See, e.g., present Art. 11,

§196(a).

The monetary limitation for loans made under
this subtitle is set out in §12—303.

(F) PERSON.

"PERSON" INCLUDES AN INDIVIDUAL, CORPORATION,
BUSINESS TRUST, ESTATE, TRUST, PARTNERSHIP, ASSOCIATION,
TWO OR MORE PERSONS HAVING A JOINT OR COMMON INTEREST, OR
ANY OTHER LEGAL OR COMMERCIAL ENTITY.

REVISOR'S NOTE: This subsection is new language
setting forth a broad, standardized definition
of the word "person" as used in this article.
It is a synthesis of the U.C.C. definitions of
"person" and "organization" contained in
§1-201 (28) and (30) of this article, except
that the reference to "government or
governmental subdivision or agency" is not
included. This definition is in no way
intended to change the existing law, merely to
clarify it,

(G)       WAGES.

"WAGES" [[HAS THE MEANING STATED IN §3121 OF THE
FEDERAL INTERNAL REVENUE CODE]] MEANS ALL REMUNERATION
PAID TO ANY EMPLOYEE FOR HIS EMPLOYMENT, INCLUDING THE