Md. Code, Fin. Inst. § 11-504 : FINANCIAL INSTITUTIONS — CONSUMER CREDIT — MARYLAND MORTGAGE LENDER LAW —504 - License or registration requirement TEXT PDF A person may not act as a mortgage lender unless the person is: (1) A licensee; or (2) A person exempted from licensing under this subtitle. Md. Code, FI § 11-504 Amended by 2018 Md. Laws, Ch. 732,Sec. 3, eff. 10/1/2018. Amended by 2018 Md. Laws, Ch. 731,Sec. 1, eff. 10/1/2018.