S.B. 678                                            . VETOES

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.

(ii) "Holder" does not include a responsible person.

(4)     "Loan" means all indebtedness and other obligations of a borrower
secured by a mortgage or deed of trust.

(5)     "Mortgage or deed of trust" means a mortgage, deed of trust, security
agreement, or other lien secured by a borrower's principal dwelling.

(6)     (i) "Responsible person" means a person other than the holder or
the holder's designee who has' undertaken responsibility for filing a release of a
mortgage or deed of trust with the governmental agency charged with recording the
release.

(ii) "Responsible person" includes:

1.       The person responsible for the disbursement of funds in
connection with the grant of title to the property; and

2.       An attorney or other person responsible for preparing the
HUD-1 settlement statement required under the federal Real Estate Settlement
Procedures Act.

(b)     (1) Except as provided in paragraph (2) of this subsection, this section

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