# Financial Institutions (GFI)

## Title 11. Consumer Credit

### Subtitle 3. Installment Loans -- Licensing Provisions

#### Section 11-303

Unless the person is licensed by the Commissioner, a person may not:

(1) Engage in the business of making installment loans;

(2) Make more than 5 installment loans a year; or

(3) Engage in the business of a credit services business as defined under Title 14, Subtitle 19 of the Commercial Law Article.

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