Maryland § 12-701

§ 12-701.

    (a)    In this subtitle the following words have the meanings indicated.

    (b)    “Applicant” means any person who applies to a creditor:

        (1)    Directly for an extension, renewal, or continuation of credit; or

        (2)    Indirectly by use of an existing credit plan for an amount exceeding a previously established credit limit.

    (c)    “Commissioner” means the Commissioner of Financial Regulation.

    (d)    “Credit” means the right granted by a creditor to a debtor to:

        (1)    Defer payment of a debt;

        (2)    Incur a debt and defer its payment; or

        (3)    Purchase property or services and defer payment for it.

    (e)    “Creditor” means any person who regularly:

        (1)    Extends, renews, or continues credit for personal, family or household purposes; or

        (2)    Arranges for the extension, renewal, or continuation of credit.

    (f)    “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.