§ 12–1002
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-1002 (2026)
Title 12. Credit Regulations
Subtitle 10. Credit Grantor Closed End Credit Provisions
§ 12–1002LinkCopy Citation
(a)
Any credit grantor may, subject to the other provisions of this subtitle, offer and extend closed end credit to a borrower.
(b)
In connection with closed end credit offered and extended under this subtitle, a credit grantor may charge and collect the interest and other charges permitted by this subtitle and may take any security as collateral as may be acceptable to the credit grantor.