Md. Code, Com. § 15-304

Current with changes from the 2024 Legislative Session

Section 15-304 - Affidavit as to interest on loan

The assignor's acknowledgment of assignment shall include his affidavit stating that he has not paid and will not pay directly or indirectly on any sum borrowed, an effective rate of simple interest, as defined in § 12-101 of this article, of more than 6 percent per annum.

Md. Code, CL § 15-304