448                                        LAWS OF MARYLAND                         [Ch. 49

REVISOR'S NOTE: This section presently appears as
Art. 66, §68.

The word "lender" is substituted for
"licensee" to conform the usage to that found
elsewhere in this subtitle.

The only other changes are in style.

12-415. SHORT TITLE.

(A) THIS SUBTITLE MAY BE CITED AS THE MARYLAND
SECONDARY MORTGAGE LOAN LAW - CREDIT PROVISIONS.

(B) THIS SUBTITLE AND THE MARYLAND SECONDARY
MORTGAGE LOAN LAW - LICENSING PROVISIONS MAY BE CITED
JOINTLY AS THE MARYLAND SECONDARY MORTGAGE LOAN LAW.

REVISOR'S NOTE: Subsection (a) of this section is
new language designed to facilitate citations
to this subtitle alone, as distinguished from
the licensing and regulation provisions
retained in Art. 66 for future inclusion in
the proposed Business Regulation Article.

Subsection (b) of this section is new language
designed to facilitate a simple citation to
both the credit and the licensing provisions,
jointly.

With respect to the division of the Art. 66
provisions relating to secondary mortgages,
see general revisor's note to this subtitle.

GENERAL REVISOR'S ROTE

As with the Maryland Small Loan Law and Consumer
Loan Law (see general revisor's notes to Subtitles 2 and
3 of this title), the credit and similar
consumer—oriented provisions of Art. 66 relating to
secondary mortgages are placed in this title and the
provisions which deal with licensing and regulation are
retained in Art. 66 pending future inclusion in the
proposed Business Regulation Article.

For provisions relating to rules and regulations of
the Bank Commissioner over secondary mortgage loans, see
Art. 66, §70.

SUBTITLE 5. RETAIL CREDIT ACCOUNTS.

12-501. DEFINITIONS.

(A) IN GENERAL.