§ 1–209

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 1-209 (2026)

Title 1. Definitions; General Provisions

Subtitle 2. General Provisions

(a)

Only the State may enact a law which purports to regulate extensions of credit made by a financial institution.

(b)

This section does not:

(1)

Affect federal law preemption of State law;

(2)

Restrict or otherwise affect local laws that establish property ownership or the rights and obligations of property owners;

(3)

Restrict or otherwise affect a local government’s ability to regulate its fiscal, economic, or community development policy;

(4)

Restrict or otherwise affect a local government’s ability to enact laws or adopt regulations relating to fair housing or other civil rights; or

(5)

Restrict or otherwise affect a local government’s ability to establish or administer loan programs to assist residents with financial needs.