HARRY HUGHES, Governor                                      881

is licensed under Title 12, Subtitle 4 of the Financial
Institutions Article or is a retailer.

(2) "Credit grantor" includes:

(i) Any bank, trust company, or savings bank
having its principal place of business in this State and
incorporated under the laws of this State or any depository
institution having its principal place of business in this State
and organized under the authority of the United States; and

(ii) Any subsidiary of a bank holding company,
as defined in the Federal Bank Holding Company Act of 1956, as
amended, which is domiciled, doing business, and offering a
revolving credit plan involving the issuance of credit devices in
this State.

[(b)] (C) "Borrower" means a corporation, partnership,
association, government or governmental subdivision or agency,
trust, individual, or other entity receiving a loan or other
extension of credit under this subtitle.

[(c)] (D) "Consumer borrower" means an individual receiving
a loan or other extension of credit under this subtitle for
personal, household, or family purposes.

[(d)] (E) "Revolving credit plan" or "plan" means a plan
that contemplates the extension of credit under an account
governed by an agreement between a credit grantor and a borrower
under which:

(1)  The credit grantor permits the borrower and, if
the agreement governing the plan permits, persons acting on
behalf of or with authorization from the borrower to make
purchases or obtain loans from time to time;

(2)  The amounts of purchases and loans are charged to
the borrower's account;

(3)  The borrower is required to pay the credit
grantor the amounts of all purchases and loans charged to the
borrower's account under the plan but has the privilege of paying
amounts due from time to time as agreed; and

(4)  Interest or finance charges may be charged and
collected by the credit grantor from time to time on the amounts
due under the plan.

[(e)] (F) "Purchase" means an extension of credit for a
purchase of real or personal, tangible or intangible property, or
an extension of credit for services, licenses, taxes, official
fees, fines, private or governmental obligations, or any other
thing of value, including a charitable contribution.

[(f)] (G) "Loan" means a cash advance to be paid to or for
the account of the borrower.