# Commercial Law (GCL)

## Title 12. Credit Regulations

### Subtitle 10. Credit Grantor Closed End Credit Provisions

#### Section 12-1002

(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.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)