Section 12-902 - Applicability. - Maryland Statutes

§ 12-902. Applicability.
 

This subtitle does not apply to: 

(1) The following persons when engaged in the regular course of their respective businesses and professions: 

(i) An attorney at law; 

(ii) An escrow agent; 

(iii) A certified public accountant; 

(iv) A banking institution, other-state bank, national banking association, credit union, or savings and loan association; 

(v) A person that: 

1. Provides bill payer services, as defined in § 12-401 of this title; 

2. Does not initiate any contract with individual creditors of the debtor to compromise a debt or arrange a new payment schedule; and 

3. Does not provide any debt counseling services; 

(vi) A person that provides accelerated mortgage payment services, as defined in § 12-401 of this title; 

(vii) A title insurer, title insurance agency, or abstract company; or 

(viii) A judicial officer or a person acting under a court order; 

(2) A person while performing services incidental to the dissolution, winding up, or liquidation of a partnership, corporation, or other business enterprise; 

(3) A trade or mercantile association acting in the course of arranging the adjustment of debts with a business establishment; or 

(4) A mortgage lender, as defined in § 11-501 of this article, that: 

(i) Is licensed by the Commissioner; and 

(ii) Does not receive funds from a consumer for the purpose of distributing the funds among the consumer's creditors in full or partial payment of the consumer's debts. 
 

[2003, chs. 374, 375; 2005, ch. 132, § 1.]