PARRIS N. GLENDENING, Governor                             Ch. 213

(iii) Federal or State credit union.

12-1001.

(b) (1) "Credit grantor" means any 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 making a loan or other extension of
credit under this subtitle which is incorporated, chartered, or licensed pursuant to State
or federal law, the lending operations of which are subject to supervision, examination,
and regulation by a State or federal agency or which 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, DEPOSITORY INSTITUTION, or savings
bank having fits principal place of business] A BRANCH 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];

(ii) A person not required to be licensed under this subtitle, who is
exempt from the licensing provisions of Title 11, Subtitle 5 of the Financial Institutions
Article, who makes a loan or extension of credit under this subtitle secured by a
secondary mortgage on residential real property; and

(iii) Any person who acquires or obtains the assignment of an
agreement for an extension of credit made under this subtitle.

12-1016.

(e) For purposes of this section:

(1) "Complaining party" means an individual who files a written complaint with
the Commissioner pursuant to this section.

(2) "Commissioner" means, and the rights of the "Commissioner" vest
exclusively in, the [bank commissioner] STATE BANK COMMISSIONER if the complaint is
filed against a [State-chartered] bank, trust company, savings bank, or credit union
ORGANIZED UNDER THE LAWS OF ANY STATE AND HAVING A BRANCH IN THIS STATE.

(3)     The jurisdiction of the Commissioner of Consumer Credit does not apply to
any:

(i) Incorporated bank, savings institution, or trust company:

(ii) Savings and loan association; or

(iii) Federal or State credit union.

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