# Commercial Law (GCL)

## Title 12. Credit Regulations

### Subtitle 1. Interest and Usury

#### Section 12-112

(a) This section does not apply to a loan subject to Sec. 12-114.1 of this subtitle.

(b) A claim or plea of usury is not available against a legal or equitable assignee, endorsee, or transferee of any bond, draft, mortgage, deed of trust, security agreement, promissory note, or other instrument or evidence of indebtedness, if he receives it for a bona fide and legal consideration without notice of any usury in its creation or subsequent assignment.

---

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