Md. Code, Financial Institutions § 11–301

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

(b) “Installment loan” means a loan or extension of credit made for consideration under § 12–103(a)(3) or (c) or Title 12, Subtitle 9, or Subtitle 10 of the Commercial Law Article.

(c) “License” means a license issued in any form by the Commissioner under this subtitle to make installment loans, including as provided for through NMLS.

(d) “Licensee” means a person licensed under this subtitle to make installment loans.