ROBERT L. EHRLICH, JR., Governor                             Ch. 348

11-502.

(b)     The provisions of this subtitle do not apply to:

(1)     Any bank, trust company, savings bank, savings and loan association,
or credit union incorporated or chartered under the laws of this State or the United
States or any other-state bank having a branch in this State;

(11)   A subsidiary or affiliate of an institution described in subsection (c) of
this section, which subsidiary or affiliate:

(i) Is subject to audit or examination by a regulatory body or
agency of this State, the United States, or the state where the subsidiary or affiliate
maintains its principal office; and

(ii) Files with the Commissioner, prior to making mortgage loans,
information sufficient to identify:

1.       The correct corporate name of the subsidiary or affiliate;

2.       An address and telephone number of a contact person for
the subsidiary or affiliate;

3.       A resident agent; and

4.       Any additional information considered necessary by the
Commissioner for protection of the public;

(c)     The exemption in subsection (b)(11) of this section applies to subsidiaries
and affiliates of:

(1)     Any bank, trust company, savings bank, savings and loan association,
or credit union incorporated or chartered under the laws of this State or the United
States that maintains its principal office in this State;

(2)     Any out-of-state bank, as that term is defined in § 5-1001 of this
article, having a branch that accepts deposits in this State; or

(3)     Any institution incorporated under federal law as a savings
association or savings bank that does not maintain its principal office in this State
but has a branch that accepts deposits in this State.

Article - Real Property

3-105.1.

(a) (1) In this section the following words have the meanings indicated.

(2)     "Borrower" means an individual who is mortgagor or grantor on a
mortgage or deed of trust and whose loan was for personal, household, or family
purposes or for a commercial purpose not in excess of $75,000.

(3)     (i) "Holder" means the person to whom a loan secured by a
mortgage or deed of trust is owed or that person's designee.

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