(a) In this subtitle the following words have the meanings indicated. (b) 'Installment loan' means a loan or extension of credit made for consideration under § 12–103(a)(3) or (c) or Title 12, Subtitle 9, or Subtitle 10 of the Commercial Law Article. (c) 'License' means a license issued in any form by the Commissioner under this subtitle to make installment loans, including as provided for through NMLS. (d) 'Licensee' means a person licensed under this subtitle to make installment loans.
Maryland Legal Code