Section 7-221 - Personal property - Financial institution property(a) Personal property is not subject to valuation or to property tax, if the personal property is owned by: (1) a financial institution as defined in § 8-101(c) of the Tax - General Article other than a savings and loan association as defined in § 7-221.1 of this subtitle; or(2) a federal or State chartered credit union.(b) This exemption does not include any personal property that is leased, loaned, or made available by the institution for the use of a person whose business is not that of the institution.