1064                                   LAWS OF MARYLAND                                 Ch. 351

MORTGAGE MAY NOT COLLECT A FINDER'S FEE IF, IN ADDITION TO
ACTING AS BROKER UNDER THIS SUBTITLE, HE IS ALSO ACTING AS
A REAL ESTATE BROKER, INSURER, SALESMAN, ATTORNEY-AT-LAW, OR
AGENT THEREOF IN CONNECTION WITH THE SUBJECT PROPERTY OR
TRANSACTION.

12-809.

THE PROVISIONS OF THIS SUBTITLE MAY NOT BE USED TO
CIRCUMVENT THE PROVISIONS OF SECTION 12-108 OF THIS ARTICLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 14, 1979.

CHAPTER 352

(House Bill 726)

AN ACT concerning

Banks and Trust Companies - Mortgage Banker and Mortgage

Broker

FOR the purpose of regulating certain business conduct of
mortgage bankers and mortgage brokers; defining terms;
requiring certain registration of mortgage bankers and
mortgage brokers; requiring a certain annual
registration fee; providing certain restrictions on
advertising by mortgage brokers; prohibiting the usage
of certain trade names; authorizing the investigation
of complaints against mortgage brokers by the Bank
Commissioner; empowering the Bank Commissioner to
obtain certain types of evidence; and providing a
penalty for failure to register annually with the Bank
Commissioner.

BY repealing and reenacting, with amendments,

Article 11 - Banks and Trust Companies

Section 61A

Annotated Code of Maryland

(1976 Replacement Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 11 - Banks and Trust Companies

61A.