Before a banking institution makes an unsecured loan of $10,000 or more to any person, the banking institution shall obtain sufficient financial information from the person to support the loan.
Structure Maryland Statutes
Title 5 - Banking Institutions -- General Provisions
Subtitle 5 - Miscellaneous Regulations
Section 5-503 - Investment in Real Property and Furnishings
Section 5-504 - Additional Banking Activities and Bank-Related Services Authorized
Section 5-506 - Financial Information From Certain Borrowers
Section 5-507 - Notice of Rejection of Application for Residential Mortgage
Section 5-508 - Elimination of Mortgage Insurance Charge When Principal Reduced
Section 5-509 - Federal Deposit Insurance Corporation and Reserve System Memberships
Section 5-511 - Multiple Directorships
Section 5-512 - Loans to Directors, Officers, or Employees
Section 5-513 - Return of Checks for Customers With Truncated Checking Accounts