Plain Text Law

§ 12–505.2

Statutes in effect as of October 1, 2026.

Md. Code Ann., Com. Law § 12-505.2 (2026)
Title 12. Credit Regulations
Subtitle 5. Retail Credit Accounts

§ 12–505.2Copy Citation

A seller or holder may not enter into a closed end retail credit account agreement, providing for an initial rate of finance charge pursuant to § 12-505(a)(3) of this subtitle, which contains a provision that permits the seller or holder to increase or decrease the applicable rate of finance charge from time to time during the term of the account.