Maryland Statutes
Title 12 - Credit Regulations
Subtitle 1 - Interest and Usury

Section 12-101 - Definitions - (a) In this subtitle the following words have the meanings...

Section 12-101.1 - Applicable Provisions Governing Loans - (a) On or after January 1, 2019, a lender may,...

Section 12-102 - General Legal Rate of Interest - Except as otherwise provided by law, a person may not...

Section 12-103 - Other Permitted Rates of Interest; Licensing Requirements - (a) (1) Except as provided in subsections (b), (c), (d),...

Section 12-104 - Interest Not Considered Usurious - Interest at a rate otherwise allowed by this subtitle is...

Section 12-105 - Charges Not Considered Interest - (a) In this section, “mortgage loan” has the meaning stated...

Section 12-106 - Statements to Be Furnished by Lender - (a) This section does not apply to any loan: (1)...

Section 12-106.1 - Requiring False Statement That Loan Is Commercial Loan - (a) A person may not require a borrower, as a...

Section 12-107 - Computing Interest Rate if Charge Assessed at Inception of Loan - If a charge or fee considered interest under this subtitle...

Section 12-108 - Points Prohibited; Exceptions; Charges Which Lenders May Impose - (a) Except for a loan described in § 12–103(d) or...

Section 12-109 - Interest on Escrow Accounts; Statement of Balance - (a) (1) In this section the following words have the...

Section 12-109.1 - Use of Escrow Account Funds for Certain Purposes Prohibited - (a) The provisions of this section do not apply to...

Section 12-109.2 - Management of Escrow Accounts; Lender's Bankruptcy; Fees and Charges - (a) (1) In this section the following terms have the...

Section 12-110 - Effect of Assignment on Usurious Loan or Contract - An assignment of wages is void if given as security...

Section 12-111 - Limitation of Actions - (a) This section does not apply to a loan subject...

Section 12-112 - Usury Not Available Against Bona Fide Assignee - (a) This section does not apply to a loan subject...

Section 12-113 - Discrimination Prohibited - (a) Except as provided in subsection (b) of this section,...

Section 12-114 - Penalties - (a) This section does not apply to a loan subject...

Section 12-114.1 - Covered Loan Prohibitions - (a) (1) In this section the following words have the...

Section 12-115 - Repossession of Goods Securing Loan - (a) With respect to any loan made at a rate...

Section 12-116 - Refinancing of Loan at Higher Rate - Any loan made before July 1, 1982, which is refinanced...

Section 12-117 - Compliance With 14-1302 - With respect to any loan made at a rate pursuant...

Section 12-118 - Change in Rate of Interest or Finance Charge During Term of Obligation - A lender may not enter into a loan agreement, providing...

Section 12-119 - Real Property Closing Costs - (a) This section applies to any application for a loan,...

Section 12-120 - When Borrower Required to Pay for Services of Lender's Attorney - (a) This section applies to any loan, other than a...

Section 12-121 - Lender's Inspection Fees - (a) In this section, the term “lender’s inspection fee” means...

Section 12-122 - Violations - Any lender who knowingly and willfully violates any provision of...

Section 12-123 - Insurance Binders - (a) In this section, “binder” means a binder or other...

Section 12-124 - Property Insurance Coverage - (a) (1) (i) In this section the following words have...

Section 12-124.1 - Homeowner Equity Protection - (a) (1) In this section the following words have the...

Section 12-125 - Financing Agreements - (a) (1) In this section the following words have the...

Section 12-126 - Prepayment of Outstanding Unpaid Indebtedness - (a) This section applies only to a loan that: (1)...

Section 12-127 - Lender to Consider Homeowner's Ability to Repay Loan - (a) (1) In this section the following words have the...