Maryland Statutes
Subtitle 1 - Interest and Usury
Section 12-101.1 - Applicable Provisions Governing Loans

(a)    On or after January 1, 2019, a lender may, at the lender’s option, elect to make a loan to any borrower either under this subtitle or as otherwise authorized by applicable law.
    (b)    If a lender makes a written election in the agreement, note, or other evidence of the loan specifying that this subtitle will govern the loan, Subtitles 3, 4, 5, 6, 9, and 10 of this title do not apply to the loan.
    (c)    If a lender that makes or contracts to make a loan does not make a written election under this subtitle or Subtitle 3, Subtitle 4, Subtitle 9, or Subtitle 10 of this title, this subtitle still applies to the loan if the loan is:
        (1)    For an amount over $25,000; or
        (2)    (i)    For an amount of $25,000 or less; and
            (ii)    Not subject to Subtitle 3 of this title.

Structure Maryland Statutes

Maryland Statutes

Commercial Law

Title 12 - Credit Regulations

Subtitle 1 - Interest and Usury

Section 12-101 - Definitions

Section 12-101.1 - Applicable Provisions Governing Loans

Section 12-102 - General Legal Rate of Interest

Section 12-103 - Other Permitted Rates of Interest; Licensing Requirements

Section 12-104 - Interest Not Considered Usurious

Section 12-105 - Charges Not Considered Interest

Section 12-106 - Statements to Be Furnished by Lender

Section 12-106.1 - Requiring False Statement That Loan Is Commercial Loan

Section 12-107 - Computing Interest Rate if Charge Assessed at Inception of Loan

Section 12-108 - Points Prohibited; Exceptions; Charges Which Lenders May Impose

Section 12-109 - Interest on Escrow Accounts; Statement of Balance

Section 12-109.1 - Use of Escrow Account Funds for Certain Purposes Prohibited

Section 12-109.2 - Management of Escrow Accounts; Lender's Bankruptcy; Fees and Charges

Section 12-110 - Effect of Assignment on Usurious Loan or Contract

Section 12-111 - Limitation of Actions

Section 12-112 - Usury Not Available Against Bona Fide Assignee

Section 12-113 - Discrimination Prohibited

Section 12-114 - Penalties

Section 12-114.1 - Covered Loan Prohibitions

Section 12-115 - Repossession of Goods Securing Loan

Section 12-116 - Refinancing of Loan at Higher Rate

Section 12-117 - Compliance With 14-1302

Section 12-118 - Change in Rate of Interest or Finance Charge During Term of Obligation

Section 12-119 - Real Property Closing Costs

Section 12-120 - When Borrower Required to Pay for Services of Lender's Attorney

Section 12-121 - Lender's Inspection Fees

Section 12-122 - Violations

Section 12-123 - Insurance Binders

Section 12-124 - Property Insurance Coverage

Section 12-124.1 - Homeowner Equity Protection

Section 12-125 - Financing Agreements

Section 12-126 - Prepayment of Outstanding Unpaid Indebtedness

Section 12-127 - Lender to Consider Homeowner's Ability to Repay Loan