684

LAWS OF MARYLAND

[Ch. 49

through 55.

Classification of the offense as a
"misdemeanor" is added for purposes of
clarity.

SECTION 4. AND BE FURTHER ENACTED, That subtitle
"Industrial Finance Companies" of Article 11 of the
Annotated Code of Maryland (1968 Replacement Volume, 1974
Supplement) title "Banks and Trust Companies" be and it
is hereby renamed "Consumer Loans — Licensing
Provisions," and that Sections 164 and 203 of said
article and subtitle be and they are hereby repealed and
re—enacted, with amendments, to read as follows:

[Industrial Finance Companies]
CONSUMER LOANS - LICENSING PROVISIONS

§ 164. Definitions.

The following words and terms, when used in this
subtitle shall have the following meanings unless the
context clearly requires a different meaning. The
meaning ascribed to the singular form is applied also to
the plural.

["Person" shall include individuals, copartnerships,
associations, trusts, corporations, and any other legal
entities.]

"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.

"License" shall mean a license issued under the
authority of this subtitle to Bake loans or advances in
accord with the provisions of this subtitle at a single
place of business.

"Licensee" shall mean a person to whom one or more
licenses have been issued.

"Commissioner" shall mean the Commissioner of
Consumer Credit.

"THIS SUBTITLE" INCLUDES TITLE 12, SUBTITLE 3 OF THE
COMMERCIAL LAW ARTICLE, THE MARYLAND CONSUMER LOAN LAW -
CREDIT PROVISIONS.

REVISOR'S NOTE: The definition of "person" is