TITLE 12 - CREDIT REGULATIONS
- Subtitle 1 - Interest and Usury
- Section 12-101 - Definitions.
- Section 12-102 - General legal rate of interest.
- Section 12-103 - Other permitted rates of interest; licensing requirements.
- Section 12-104 - Interest not considered usurious.
- Section 12-105 - Charges not considered interest.
- Section 12-106 - Statements to be furnished by lender.
- Section 12-106.1 - Requiring false statement that loan is commercial loan.
- Section 12-107 - Computing interest rate if charge assessed at inception of loan.
- Section 12-108 - Points prohibited; exceptions; charges which lenders may impose.
- Section 12-109 - Interest on escrow accounts; statement of balance.
- Section 12-109.1 - Use of escrow account funds for certain purposes prohibited.
- Section 12-109.2 - Management of escrow accounts; lender's bankruptcy; fees and charges.
- Section 12-110 - Effect of assignment on usurious loan or contract.
- Section 12-111 - Limitation of actions.
- Section 12-112 - Usury not available against bona fide assignee.
- Section 12-113 - Discrimination prohibited.
- Section 12-114 - Penalties.
- Section 12-115 - Repossession of goods securing loan.
- Section 12-116 - Refinancing of loan at higher rate.
- Section 12-117 - Compliance with § 14-1302.
- Section 12-118 - Change in rate of interest or finance charge during term of obligation.
- Section 12-119 - Real property closing costs.
- Section 12-120 - When borrower required to pay for services of lender's attorney.
- Section 12-121 - Lender's inspection fees.
- Section 12-122 - Violations.
- Section 12-123 - Insurance binders.
- Section 12-124 - Property insurance coverage.
- Section 12-124.1 - Homeowner equity protection [Subject to contingent amendment effective January 1, 2011; amended version follows this section].
- Section 12-125 - Financing agreements.
- Section 12-126 - Prepayment of outstanding unpaid indebtedness.
- Section 12-127 - Lender to consider homeowner's ability to repay loan.
- Subtitle 2 - Small Loans - Credit Provisions
- Subtitle 3 - Consumer Loans - Credit Provisions
- Section 12-301 - Definitions.
- Section 12-302 - License required unless exempt.
- Section 12-303 - Application of subtitle.
- Section 12-304 - Advertising.
- Section 12-305 - Discrimination prohibited.
- Section 12-306 - Interest on loan.
- Section 12-307 - Collection of certain fees.
- Section 12-307.1 - Same - 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 [Subject to contingent amendment effective January 1, 2011; amended version follows this section].
- Section 12-312 - Insurance.
- Section 12-313 - Prohibited charges and transactions; remedies for excess charges.
- Section 12-314 - Loans at greater than authorized rate of interest.
- Section 12-315 - Interpretation and construction of subtitle.
- Section 12-316 - Penalty.
- Section 12-316.1 - Same - Reliance upon written opinions.
- Section 12-317 - Short titles.
- Subtitle 4 - Secondary Mortgage Loans - Credit Provisions
- Section 12-401 - Definitions.
- Section 12-402 - License required unless exempt.
- Section 12-403 - False advertising.
- Section 12-403.1 - Discrimination prohibited.
- Section 12-404 - Amount of loan; interest; payment in installments.
- Section 12-404.1 - Fees, discounts, points, etc., permitted by mortgage purchase programs.
- Section 12-405 - Permitted charges.
- Section 12-406 - Restrictions on payment of commissions, finder's fees, and points.
- Section 12-407 - Duties of lender.
- Section 12-407.1 - Form for secondary mortgage loan; required statements; charges permissible under § 12-404.1; compliance with § 12-401(i)(3).
- Section 12-408 - Refinancing.
- Section 12-409 - Prohibited provisions in instruments which evidence or secure loan.
- Section 12-409.1 - Home buyer's equity protection.
- Section 12-410 - Insurance.
- Section 12-411 - Prohibited charges.
- Section 12-412 - Lender to comply with subtitle.
- Section 12-413 - Civil penalties.
- Section 12-414 - Criminal penalty.
- Section 12-415 - Short title.
- Subtitle 5 - Retail Credit Accounts
- Section 12-501 - Definitions.
- Section 12-502 - Application of subtitle.
- Section 12-503 - Establishment of account.
- Section 12-504 - Maximum finance charge - In general.
- Section 12-505 - Same - Closed end account.
- Section 12-505.1 - Same - Same - Refinancing at higher rate.
- Section 12-505.2 - Same - Same - Change in finance charge during term of account prohibited.
- Section 12-505.3 - Same - Same - Balloon payment prohibited.
- Section 12-506 - Same - 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.
- Section 12-515 - Penalties.
- Subtitle 6 - Retail Installment Sales
- Section 12-601 - Definitions.
- Section 12-602 - False advertising prohibited.
- Section 12-603 - Discrimination prohibited.
- Section 12-604 - Form of installment sale agreement.
- Section 12-605 - Delivery of installment sale agreement and receipt; right to cancel.
- Section 12-606 - Disclosures required in installment sale agreement.
- Section 12-607 - Provisions not allowed in instruments.
- Section 12-608 - Catalog sale.
- Section 12-609 - Motor vehicles.
- Section 12-610 - Consumer goods - Maximum finance charge.
- Section 12-610.1 - Same - Refinancing of agreement at higher rate.
- Section 12-610.2 - Same - Change in finance charge prohibited.
- Section 12-611 - Same - Computation of finance charge; payment of installments; payment after assignment.
- Section 12-612 - Same - Prepayment.
- Section 12-613 - Insurance.
- Section 12-614 - Additional charges.
- Section 12-615 - Refund of deposit.
- Section 12-616 - Credit for recording and filing fees.
- Section 12-617 - Payments and receipts.
- Section 12-618 - Add-on contract.
- Section 12-619 - Extension of due date or deferral of payments.
- Section 12-620 - Prepayment.
- Section 12-621 - Statement of account.
- Section 12-622 - Cancellation of contract and release of security.
- Section 12-623 - Delinquency charge; attorney's fees and court costs.
- Section 12-624 - Repossession - Holder's right to repossess.
- Section 12-625 - Same - Buyer's right of redemption.
- Section 12-626 - Same - Resale of goods.
- Section 12-627 - Same - Discharge of agreement in absence of resale.
- Section 12-628 - Promissory note.
- Section 12-629 - Waiver by buyer invalid.
- Section 12-630 - Violation of subtitle.
- Section 12-631 - Jurisdiction of Commissioner of Financial Regulation.
- Section 12-632 - Permitted transactions.
- Section 12-633 - Written agreement.
- Section 12-634 - Permitted charges.
- Section 12-635 - Prepayment.
- Section 12-636 - Penalties.
- Subtitle 7 - Equal Credit Opportunity Act
- Section 12-701 - Definitions.
- Section 12-702 - Findings and purpose.
- Section 12-703 - Jurisdiction of Commissioner of Financial Regulation.
- Section 12-704 - Discrimination prohibited; compliance with or violation of federal Equal Credit Opportunity Act.
- Section 12-705 - Discriminatory practices defined.
- Section 12-706 - Administration of subtitle.
- Section 12-707 - Civil liability.
- Section 12-708 - Short title.
- Subtitle 8 - Loans - Finder's Fees
- Section 12-801 - Definitions.
- Section 12-802 - Application of subtitle.
- Section 12-803 - Prohibited relationship between broker and lender.
- Section 12-804 - Fees mortgage broker permitted to charge.
- Section 12-805 - Payment of finder's fee.
- Section 12-806 - Refund of finder's fee.
- Section 12-807 - Violation of subtitle.
- Section 12-808 - Circumstances under which broker may not collect fee.
- Section 12-809 - Circumventing § 12-108.
- Subtitle 9 - Credit Grantor Revolving Credit Provisions
- Section 12-901 - Definitions.
- Section 12-902 - Authorized extensions of credit.
- Section 12-903 - Interest and finance charges.
- Section 12-904 - Variation in periodic percentage rate.
- Section 12-905 - Additional fees and charges.
- Section 12-906 - Plan authorizing both loans and purchases.
- Section 12-907 - Plan connected with demand deposit account.
- Section 12-908 - Deferral of scheduled payments; deferral charge.
- Section 12-909 - Insurance generally.
- Section 12-909.1 - Insurance binders.
- Section 12-910 - Charges for default or delinquency.
- Section 12-911 - Attorney's fees; court or other collection costs.
- Section 12-912 - Amendment of plan agreement.
- Section 12-913 - Applicability of other laws.
- Section 12-913.1 - Election of applicable laws.
- Section 12-913.2 - Delivery of plan agreement; proof of delivery.
- Section 12-914 - General provisions.
- Section 12-915 - Applicability of certain provisions of Financial Institutions Article; license to be issued by Commissioner of Financial Regulation.
- Section 12-916 - Complaint procedure.
- Section 12-917 - Criminal penalties.
- Section 12-918 - Civil penalties.
- Section 12-918.1 - Civil penalties - Exception.
- Section 12-919 - Limitation of actions.
- Section 12-920 - Limitation on credit grantor's liability.
- Section 12-921 - Repossession.
- Section 12-922 - Definitions; financing agreements.
- Section 12-923 - Agreements governing revolving credit plans.
- Section 12-923.1 - Use of revolving credit plan to acquire interest in or to carry on a business or commercial enterprise.
- Section 12-924 - Release of lien securing extension of credit.
- Section 12-925 - Credit grantor to consider borrower's ability to repay loan.
- Subtitle 10 - Credit Grantor Closed End Credit Provisions
- Section 12-1001 - Definitions.
- Section 12-1002 - Authorized extensions of credit.
- Section 12-1003 - Interest; balloon payments.
- Section 12-1004 - Variation in periodic percentage rate.
- Section 12-1005 - Additional fees and charges.
- Section 12-1006 - Deferral of scheduled payments; deferral charges; insurance premiums.
- Section 12-1007 - Insurance generally.
- Section 12-1007.1 - Insurance binders.
- Section 12-1008 - Charges for default or delinquency.
- Section 12-1009 - Prepayment.
- Section 12-1010 - Refinancing.
- Section 12-1011 - Attorney's fees; court and other collection costs.
- Section 12-1012 - Permitted transactions and charges.
- Section 12-1013 - Applicability of other laws.
- Section 12-1013.1 - General provisions.
- Section 12-1013.2 - Delivery of agreement, note, or other evidence of loan.
- Section 12-1014 - General provisions.
- Section 12-1015 - Applicability of certain provisions of Financial Institutions Article; license to be issued by Commissioner of Financial Regulation.
- Section 12-1016 - Complaint procedure.
- Section 12-1017 - Criminal penalties.
- Section 12-1018 - Civil penalties.
- Section 12-1018.1 - Civil penalties - Exception.
- Section 12-1019 - Limitation of actions.
- Section 12-1020 - Limitation on credit grantor's liability.
- Section 12-1021 - Repossession.
- Section 12-1022 - Definitions; financing agreements.
- Section 12-1023 - Agreement or other evidence of loan.
- Section 12-1023.1 - Obtaining loan to acquire interest in or to carry on a business or commercial enterprise.
- Section 12-1024 - Requirements upon loan repayment.
- Section 12-1025 - Written statement informing consumer borrower of interest and charges.
- Section 12-1026 - Escrow account; interest; separability of funds.
- Section 12-1027 - Lender's inspection fee.
- Section 12-1028 - Fees.
- Section 12-1029 - Homeowner equity protection [Subject to contingent amendment effective January 1, 2011; amended version follows this section.]
- Subtitle 11 - Maryland Rental-Purchase Agreement Act
- Section 12-1101 - Definitions.
- Section 12-1102 - Effect and applicability of subtitle.
- Section 12-1103 - Disclosures - In general.
- Section 12-1104 - Same - Specific information; tags.
- Section 12-1105 - Prohibited provisions.
- Section 12-1106 - Reinstatement; repossession of property.
- Section 12-1107 - Receipts.
- Section 12-1108 - New rental-purchase agreements.
- Section 12-1109 - Advertisements.
- Section 12-1110 - Penalties; exceptions.
- Section 12-1111 - Form for disclosures.
- Section 12-1112 - Short title.
- Subtitle 12 - Reverse Mortgage Loans Act
- Section 12-1201 - Definitions.
- Section 12-1202 - Scope of subtitle.
- Section 12-1203 - Specific payment plan or loans to borrowers not holding fee simple interest not required.
- Section 12-1204 - Conformance to requirements of federal law.
- Section 12-1205 - Inapplicability of federal provisions-Uninsured loans.
- Section 12-1206 - Requirements for purchasers.
- Section 12-1207 - Counseling agency checklists.
- Section 12-1208 - Violations; penalties.
- Subtitle 13 - Mortgage Loans - Notice of Housing Counseling Programs and Services