Maryland Statutes
Subtitle 8 - Loans -- Finder's Fees
Section 12-801 - Definitions

(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.

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