Interest and Usury

  1. Law
  2. Maryland Code
  3. Commercial Law
  4. Credit Regulations
  5. Interest and Usury

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Section
12-101

Definitions

Section
12-101.1

Applicable provisions governing loans

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
12-114.1

Covered loan prohibitions

Section
12-115

Repossession of goods securing loan

Section
12-116

Refinancing of loan at higher rate

Section
12-117

Compliance with Section 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

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