Maryland Statutes
Title 12 - Credit Regulations
Subtitle 5 - Retail Credit Accounts

Section 12-501 - Definitions - (a) In this subtitle the following words have the meanings...

Section 12-502 - Application of Subtitle - (a) Each retail credit account established after May 31, 1967...

Section 12-503 - Establishment of Account - (a) A retail credit account may be established by a...

Section 12-504 - Maximum Finance Charge -- in General - (a) Notwithstanding any other statutory law, a seller, financial institution,...

Section 12-505 - Maximum Finance Charge -- Closed End Account - (a) In a closed end account, the finance charge may...

Section 12-505.1 - Maximum Finance Charge -- Closed End Account -- Refinancing at Higher Rate - Any closed end account made prior to July 1, 1982...

Section 12-505.2 - Maximum Finance Charge -- Closed End Account -- Change in Finance Charge During Term of Account Prohibited - A seller or holder may not enter into a closed...

Section 12-505.3 - Maximum Finance Charge -- Closed End Account -- Balloon Payment Prohibited - With respect to a closed end retail credit account established...

Section 12-506 - Maximum Finance Charge -- Open End Account - (a) In an open end account: (1) The finance charge...

Section 12-506.1 - Credit Balances - (a) In this section “credit balance” means a balance on...

Section 12-506.2 - Limitations Upon Changes in Rate Applicable to Open End Account - Changes in the rate applicable to an open end account,...

Section 12-507 - Note Taken as Part of Account - (a) If, as part of a retail credit account, a...

Section 12-508 - Attorney's Fees - If a retail credit account agreement provides for the payment...

Section 12-509 - Discount to Consumer Paying Cash - Notwithstanding any agreement to the contrary between a seller and...

Section 12-510 - Failure to Answer Status Inquiry - If a buyer inquires in writing about the status of...

Section 12-511 - Billing Statement Inquiry - (a) In this section, “billing error” means the initial occurrence...

Section 12-511.1 - Charge for Reply to Inquiry - A holder may not charge a buyer a fee for...

Section 12-512 - Waiver by Buyer Invalid - No act, agreement, or statement of a buyer may constitute...

Section 12-513 - Violation of Subtitle - (a) Except as provided in subsection (b) of this section,...

Section 12-514 - Jurisdiction of Commissioner of Financial Regulation - (a) If a complaint for violation of any provision of...

Section 12-515 - Penalties - Any person who knowingly violates or participates in the violation...