§ 12–102
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-102 (2026)
Title 12. Credit Regulations
Subtitle 1. Interest and Usury
§ 12–102LinkCopy Citation
Except as otherwise provided by law, a person may not charge interest in excess of an effective rate of simple interest of 6 percent per annum on the unpaid principal balance of a loan.