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Subchapter I. Licensing
§ 2201. Definitions. - In this chapter, unless the context otherwise requires: (1) “Person”...
§ 2202. License required. - (a) Every person desiring to transact the business of lending...
§ 2203. Application and fees. - (a) Every application for a license shall be in writing...
§ 2204. Issuance of license. - Upon the filing of an application for a license, if...
§ 2205. Changes in officers or directors of licensee. - In the event that there shall be any change among...
§ 2206. License requirements; acquisition. - (a) A licensee shall obtain a license for each office...
§ 2207. Renewal of license. - Every holder of a license or a renewal thereof, as...
§ 2208. Surety bonds and irrevocable letters of credit. - (a) Surety bonds. — (1) Every licensee shall file with...
§ 2209. Suspension, revocation or surrender of license. - (a) The Commissioner may revoke any license issued hereunder if...
§ 2210. Supervision and examination of business by Commissioner. - (a) Every person or combination of persons licensed to transact...
§ 2211. Maintenance of books and records by licensee. - (a) Every licensee shall maintain such books, accounts and records...
§ 2212. Retention of books and records by licensee. - All books, accounts and records of the licensee shall be...
§ 2213. Contents of books and records. - The Commissioner may prescribe the minimum information to be shown...
§ 2213A. Multi-state automated licensing system. - (a) The Commissioner is authorized to participate in any automated...
Subchapter II. Revolving Credit
§ 2214. Definitions. - As used in this subchapter: (1) “Revolving credit plan” or...
§ 2215. Extension of credit. - Any licensee may offer and extend credit under a revolving...
§ 2216. Interest. - A licensee may charge and collect interest under a revolving...
§ 2217. Variable rates. - If the agreement governing the revolving credit plan so provides,...
§ 2218. Additional charges. - (a) In addition to or in lieu of interest at...
§ 2219. Terms for indebtedness. - A licensee may, if the agreement governing a revolving credit...
§ 2220. Omitted installments. - A licensee may at any time and from time to...
§ 2221. Insurance. - (a) A licensee may request but not require an individual...
§ 2222. Delinquent installments. - (a) If the agreement governing a revolving credit plan so...
§ 2223. Attorney's fees; costs. - In the event a borrower defaults under the terms of...
§ 2224. Amendment of agreement. - (a) Unless the agreement governing a revolving credit plan otherwise...
§ 2225. Application of other State laws. - Any other law of this State limiting the rate or...
§ 2226. Nonexclusivity; captions. - (a) The provisions of this subchapter are not exclusive and...
Subchapter III. Closed End Credit
§ 2227. Definitions. - As used in this subchapter: (1) “Business day” means, with...
§ 2228. Extension of credit. - (a) Any licensee may, subject to any limitations on lending...
§ 2229. Interest. - A licensee may charge and collect interest in respect of...
§ 2230. Variable rates. - If the agreement governing the loan so provides, the periodic...
§ 2231. Additional charges. - In addition to or in lieu of interest at a...
§ 2232. Deferred installments. - A licensee may at any time or from time to...
§ 2233. Insurance. - (a) A licensee may request but not require a borrower...
§ 2234. Prepayment. - (a) A borrower may prepay a loan in full at...
§ 2235. Refinancing. - (a) A borrower may, with the consent of the licensee,...
§ 2235A. Short-term consumer loans. - (a) In addition to such other limitations and requirements as...
§ 2235B. Database. - (a) The Commissioner shall, by contract with a third-party provider...
§ 2235C. Report by Commissioner. - (a) The Commissioner shall collect and submit the following information...
§ 2236. Attorneys' fees; costs. - In the event a borrower defaults under the terms of...
§ 2237. Application of other State laws. - Any other law of this State limiting the rate or...
§ 2238. Nonexclusivity; captions. - (a) The provisions of this subchapter are not exclusive and...
Subchapter IV. Prohibitions and Penalties
§ 2239. Penalty for failure to give copy of obligation to borrower. - Every lender shall give to the borrower, on request, a...
§ 2240. Penalty for making loans without license; exception. - (a) Loans as authorized by this chapter shall not be...
§ 2241. Responsibility of agents. - For every violation of this chapter by any association, firm,...
§ 2242. Salary orders, warrants or assignments as security for loans, confessions of judgment, acceleration; penalties for violations. - (a) No order, warrant or claim of any kind, from...
§ 2243. False or misleading advertising prohibited. - It shall be unlawful for any person to cause to...
§ 2244. Reverse mortgages. - (a) For purposes of this section, unless the context requires...
§ 2245. Mortgage loan modification services; compensation. - (a) As used in this section, unless the context requires...
Subchapter V. Title Loans
§ 2250. Definitions. - As used in this subchapter: (1) “Business day” means all...
§ 2251. Deceptive advertising prohibited. - No licensee shall advertise, market the availability of, or otherwise...
§ 2252. Disclosures. - No licensee shall make a title loan without providing to...
§ 2253. Right of rescission. - (a) A title loan borrower may rescind a title loan...
§ 2254. Rollover limit. - No licensee shall make a title loan rollover that would...
§ 2255. Workout agreement. - (a) If a title loan borrower fails to repay the...
§ 2256. Federal Fair Debt Collection Practices Act. - No licensee who employs a debt collector, as defined in...
§ 2257. Threat of criminal prosecution prohibited. - No licensee shall seek or threaten to seek the criminal...
§ 2258. Interest after default or repossession. - If a title loan borrower defaults on the loan, interest...
§ 2259. Possession of motor vehicle after default. - A licensee may take possession of the motor vehicle that...
§ 2260. Sale of motor vehicle. - Notwithstanding any other provision of law, the proceeds of a...
§ 2261. Notice to borrower. - In addition to any other requirement of law, a licensee...