§ 12–1402
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-1402 (2026)
Title 12. Credit Regulations
Subtitle 14. Credit Card Processors
§ 12–1402LinkCopy Citation
This subtitle does not apply to a merchant processing agreement between a credit card processor and a business entity:
(1)
That may be terminated without assessment of fees, fines, penalties, or liquidated damages; or
(2)
If at the time of entry into the merchant processing agreement, the business entity employs 50 or more employees or reasonably estimates that it will generate more than $2,000,000 in credit card or electronic commerce transactions each year.