With respect to a closed end retail credit account established at a rate pursuant to ยง 12-505(a) of this subtitle, the agreement may not provide for a balloon payment.
Structure Maryland Statutes
Subtitle 5 - Retail Credit Accounts
Section 12-502 - Application of Subtitle
Section 12-503 - Establishment of Account
Section 12-504 - Maximum Finance Charge -- in General
Section 12-505 - Maximum Finance Charge -- Closed End Account
Section 12-505.1 - Maximum Finance Charge -- Closed End Account -- Refinancing at Higher Rate
Section 12-505.3 - Maximum Finance Charge -- Closed End Account -- Balloon Payment Prohibited
Section 12-506 - Maximum Finance Charge -- Open End Account
Section 12-506.1 - Credit Balances
Section 12-506.2 - Limitations Upon Changes in Rate Applicable to Open End Account
Section 12-507 - Note Taken as Part of Account
Section 12-508 - Attorney's Fees
Section 12-509 - Discount to Consumer Paying Cash
Section 12-510 - Failure to Answer Status Inquiry
Section 12-511 - Billing Statement Inquiry
Section 12-511.1 - Charge for Reply to Inquiry
Section 12-512 - Waiver by Buyer Invalid
Section 12-513 - Violation of Subtitle
Section 12-514 - Jurisdiction of Commissioner of Financial Regulation