Md. Code, Financial Institutions § 11-102
This is the official text of Md. Code, Financial Institutions § 11-102, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§11–102.
Official statutory text
(a) In this section, “installment loan” has the meaning stated in § 11–301 of this title.
(b) Except for § 11–219 of this title, this title does not apply to a person that acquires or is assigned in whole or in part:
(1) A mortgage, if the person does not otherwise make mortgages;
(2) A mortgage loan, as defined in § 11–501 of this title, if the person does not otherwise engage in the mortgage lending business, as defined in § 11–501 of this title; or
(3) An installment loan, if the person:
(i) Relies on another person to service or collect on the installment loan; and
(ii) Does not otherwise make installment loans.
(c) This section may not be construed to alter the definition of “student loan servicer”, as defined in § 2–104.1 of this article.
(b) Except for § 11–219 of this title, this title does not apply to a person that acquires or is assigned in whole or in part:
(1) A mortgage, if the person does not otherwise make mortgages;
(2) A mortgage loan, as defined in § 11–501 of this title, if the person does not otherwise engage in the mortgage lending business, as defined in § 11–501 of this title; or
(3) An installment loan, if the person:
(i) Relies on another person to service or collect on the installment loan; and
(ii) Does not otherwise make installment loans.
(c) This section may not be construed to alter the definition of “student loan servicer”, as defined in § 2–104.1 of this article.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.