Section 14-1701 - Definitions

(a) In this subtitle the following terms have the meanings indicated. (b) (1) 'Adverse action' means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested. (2) 'Adverse action' does not include a refusal to extend additional credit under an existing credit arrangement where the applicant is delinquent or otherwise in default, or where such additional credit would exceed a previously established credit limit. (c) 'File' means file as defined in § 14–1201(h) of this title. (d) 'Lender' or 'credit grantor' means: (1) Any lender or credit grantor regulated under Title 12 of this article; or (2) A credit union making a loan under § 6–601(e) of the Financial Institutions Article.