Maryland § 14-1701

§ 14-1701.

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

    (b)    (1)    “Adverse action” means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested.

        (2)    “Adverse action” does not include a refusal to extend additional credit under an existing credit arrangement where the applicant is delinquent or otherwise in default, or where such additional credit would exceed a previously established credit limit.

    (c)    “File” means file as defined in § 14–1201(h) of this title.

    (d)    “Lender” or “credit grantor” means:

        (1)    Any lender or credit grantor regulated under Title 12 of this article; or

        (2)    A credit union making a loan under § 6–601(e) of the Financial Institutions Article.