# Commercial Law (GCL)

## Title 12. Credit Regulations

### Subtitle 9. Credit Grantor Revolving Credit Provisions

#### Section 12-913.1

(a)

  (1) On or after October 1, 1993, a credit grantor may at its option elect to offer a plan to any borrower either pursuant to this subtitle or as otherwise permitted by applicable law.

  (2) In order for a plan to be established under and governed by this subtitle, a credit grantor shall make a written election to that effect in the agreement governing the plan.

(b)

  (1) If a credit grantor elects in accordance with this section to establish a plan under this subtitle, the provisions of Subtitle 1, 3, 4, 5, 6, or 10 of this title do not apply to the plan.

  (2) If a person fails to elect in accordance with this section to establish a plan under this subtitle, the provisions of this subtitle do not apply.

(c) Notwithstanding any other provision of this title, a loan shall be subject to the provisions of this subtitle, whether or not elected, if the loan:

  (1) Is a shared appreciation agreement; and

  (2) Allows the borrower to repay advances and have any repaid amounts subsequently readvanced to the borrower.

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