Maryland § 11-204
Full text of Maryland Maryland Code § 11-204, with citation guidance and answers to common questions.
§ 11-204.
(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 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.
Frequently Asked Questions About Maryland § 11-204
What does Maryland Code § 11-204 cover?
Section 11-204 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 11-204?
A common citation format is "Maryland Code § 11-204" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.