Section 12-1301 - Definitions.
§ 12-1301. Definitions.
(a) In general.- In this subtitle the following words have the meanings indicated.
(b) Borrower.- "Borrower" has the meaning stated in § 11-501 of the Financial Institutions Article.
(c) Home buyer education or housing counseling.- "Home buyer education or housing counseling" means instruction on preparing for home ownership, shopping for a home, obtaining a mortgage, loan closing, and life as a homeowner.
(d) Lender.- "Lender" means a person that makes a mortgage loan.
(e) Mortgage loan.- "Mortgage loan" has the meaning stated in § 11-501 of the Financial Institutions Article.
(f) Secondary mortgage loan.- "Secondary mortgage loan" means a mortgage loan secured by residential real property that is subject to the lien of one or more prior mortgage loans.
[2010, ch. 736]