566

LAWS OF MARYLAND

Ch. 33

General Assembly might consider whether there
should be a limit on the degree of consanguinity
for purposes of this exemption.

11-302. LICENSE REQUIRED.

(A)   "INSTALLMENT LOAN" DEFINED.

IN THIS SECTION, "INSTALLMENT LOAN" MEANS AN
INSTALLMENT LOAN MADE FOR CONSIDERATION UNDER § 12-103(C) OF
THE COMMERCIAL LAW ARTICLE.

(B)   LICENSE REQUIRED.

UNLESS THE PERSON IS LICENSED BY THE COMMISSIONER OF
CONSUMER CREDIT, A PERSON MAY NOT:

(1)   ENGAGE IN THE BUSINESS OF MAKING INSTALLMENT
LOANS; OR

(2)   MAKE MORE THAN FIVE INSTALLMENT LOANS A

YEAR.

REVISOR'S NOTE: This section is lev language derived
without substantive change from the first
sentence of Art. 49, § 5(b) — except the
parenthetical exception ("other than a banking
institution..."), which now appears as §
11-301(b) of this subtitle.

11-303. APPLICATION OF MARYLAND CONSUMER LOAN LAW
LICENSING PROVISIONS.

A LICENSE UNDER THIS SUBTITLE SHALL BE APPLIED FOR AND
ISSUED IN ACCORDANCE WITH, AND IS SUBJECT TO, THE LICENSING
AND INVESTIGATORY PROVISIONS OF SUBTITLE 2 OF THIS TITLE,
THE MARYLAND CONSUMER LOAN LAW — LICENSING PROVISIONS.

REVISOR'S NOTE: This section is new language derived
without substantive change from the second
sentence of Art. 49, § 5(b).

Notwithstanding this section, some of the
licensing provisions of the Maryland Consumer
Loan Law — Licensing Provisions seem to be
inapplicable to a license issued under this
subtitle. For example, § 11-216(a) of this title
provides that the Commissioner may suspend or
revoke the license of a licensee who "violates
any provision of the Maryland Consumer Loan Law";
and § 11-216(b) of this title provides that the
Commissioner shall revoke the licenses of certain
licensees who are convicted twice under CL §
12-316, a section that is inapplicable to the
loans that a licensee under this subtitle may
make. Further, the referenced "investigatory
provisions", § 11-214 of this title, are limited