The laws that apply to credit extensions in Maryland can be confusing. This survey presents in a basic format a road map through these laws. In this survey, “Maryland Credit Laws” refers to seven different Subtitles of Title 12 of Maryland’s Commercial Law Article (“CL”) that set rates of interest, charges, and fees, as well as impose other restrictions on credit. All credit extended under Maryland law is subject to one (or, perhaps, more than one) of these seven Maryland Credit Laws.
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