# Commercial Law (GCL)

## Title 12. Credit Regulations

### Subtitle 14. Credit Card Processors

#### Section 12-1402

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.

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