2068

LAWS OF MARYLAND

Ch. 577

collecting for others any claim due or asserted to be owed
or due, to a seller, lender, holder, or creditor, arising
from transactions involving a Maryland resident seeking or
acquiring real or personal property, services, money, or
credit for personal, family, or household purposes.

(2) "Collection agency" does not include any:

(i) Regular employee of a creditor acting
under the general direction and control of that creditor in
the collection of a claim owned by that creditor;

(ii) Regular employee of a collection
agency licensed under this subtitle;

(iii) Bank, trust company, savings and
loan association, building and loan association , FEDERAL OR
STATE CHARTERED CREDIT UNION, or mortgage banker;

(iv) Abstract company doing an escrow
business;

(v) Attorney at law; [or]

(vi) Any person PERSON acting under, the
order of any court of competent jurisdiction; OR

(VII) ANY PERSON LICENSED UNDER THE LAWS
OF THIS STATE AS A REAL ESTATE BROKER, ASSOCIATE BROKER,
REAL ESTATE SALESMAN, OR AN EMPLOYEE OF A REAL ESTATE
BROKER; OR

(VIII) ANY LANDLORD OR THE MANAGING AGENT
OR EMPLOYEE OF THE LANDLORD WITH RESPECT TO THE COLLECTION
OF RENT AND ALLIED CHARGES FOR RESIDENTIAL HOUSING , WITH
RESPECT TO THE COLLECTION OF RENT AND ALLIED CHARGES FOR
PROPERTY ON BEHALF OF THE EMPLOYING BROKER.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 20, 1980.

CHAPTER 578

(Senate Bill 901)

AN ACT concerning

Financial Institutions Correcting Cross References

FOR the purpose of correcting outdated references to
material included in the Financial Institutions Article