(a) A lender may not directly or indirectly print, publish, distribute, or broadcast any false, misleading, or deceptive statement regarding the rates, terms, or conditions of a loan.
(b) (1) If charges or rates of charges are advertised by a licensee, the Commissioner may require him to state them fully and clearly in any manner the Commissioner considers necessary to prevent misunderstanding by a prospective borrower.
(2) Subject to any condition which the Commissioner may impose to prevent a false impression regarding the scope or degree of protection provided by this subtitle, the Commissioner may permit or require a licensee to refer in his advertising to the fact that his business is under State supervision.
Structure Maryland Statutes
Subtitle 3 - Consumer Loans -- Credit Provisions
Section 12-302 - License Required Unless Exempt
Section 12-303 - Application of Subtitle
Section 12-305 - Discrimination Prohibited
Section 12-306 - Interest on Loan
Section 12-307 - Collection of Certain Fees
Section 12-307.1 - Collection of Certain Fees -- Attorney's Fees and Court Costs
Section 12-308 - Duties of Lender
Section 12-309 - Loan to Buy Certain Goods or Services Subject to Certain Defenses
Section 12-310 - Collateral Sale, Purchase, or Agreement in Connection With Loan
Section 12-311 - Certain Security for Loan Not Allowed; Homeowner Equity Protection
Section 12-314 - Loans at Greater Than Authorized Rate of Interest
Section 12-315 - Interpretation and Construction of Subtitle
Section 12-316.1 - Penalty -- Reliance Upon Written Opinions