(a) In this subtitle the following words have the meanings indicated. (b) 'Borrower' means an individual who obtains a loan or advance of money. (c) 'Commissioner' means the Commissioner of Financial Regulation. (d) 'Finder’s fee' means any compensation or commission directly or indirectly imposed by a broker and paid by or on behalf of the borrower for the broker’s services in procuring, arranging, or otherwise assisting a borrower in obtaining a loan or advance of money. (e) 'Lender' means a person defined as a mortgage lender under § 11–501(j)(1)(ii) of the Financial Institutions Article. (f) 'Mortgage broker' means a person defined as a mortgage lender under § 11–501(j)(1)(i) of the Financial Institutions Article. (g) 'Person' includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.
Maryland Legal Code