Section 12-1301 - Definitions. - Maryland Statutes

§ 12-1301. Definitions.
 

(a)  In general.- In this subtitle the following words have the meanings indicated. 

(b)  Borrower.- "Borrower" has the meaning stated in § 11-501 of the Financial Institutions Article. 

(c)  Home buyer education or housing counseling.- "Home buyer education or housing counseling" means instruction on preparing for home ownership, shopping for a home, obtaining a mortgage, loan closing, and life as a homeowner. 

(d)  Lender.- "Lender" means a person that makes a mortgage loan. 

(e)  Mortgage loan.- "Mortgage loan" has the meaning stated in § 11-501 of the Financial Institutions Article. 

(f)  Secondary mortgage loan.- "Secondary mortgage loan" means a mortgage loan secured by residential real property that is subject to the lien of one or more prior mortgage loans. 
 

[2010, ch. 736]