(a) A person may not: (1) Receive any application for a loan or allow any note or contract for a loan to be signed at any place of business that is not a licensed location; (2) Conduct any business under the Maryland Consumer Loan Law under a name different from the licensed name; or (3) Evade the application of this section by any device, subterfuge, or pretense of any kind. (b) This section does not prohibit a licensee from accommodating a borrower, at the borrower’s request, by making a loan by mail because of the borrower’s sickness or hours of employment or for similar reasons. (c) Notwithstanding subsections (a) and (b) of this section, for a loan that is to be secured by residential real property: (1) A licensee may solicit and accept an application for a loan: (i) By mail; (ii) By telephone or other electronic means; or (iii) At any location requested by the prospective borrower; (2) Except as provided in item (3) of this subsection, the loan closing shall be conducted at: (i) A licensed location; (ii) The office of an attorney representing the licensee, the borrower, the title company, or title insurer in connection with the loan; or (iii) The office of the title insurer A licensed location; (ii) The office of an attorney representing the licensee, the borrower, the title company, or title insurer in connection with the loan; or (iii) The office of the title insurer or title agency performing closing services in connection with the loan; and (3) A licensee may conduct the loan closing at another location at the written request of the borrower or the borrower’s designee to accommodate the borrower because of the borrower’s sickness.
Maryland Legal Code