Md. Code, Fin. Inst. § 11-303

Current with changes from the 2024 Legislative Session

Section 11-303 - Prohibitions

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.

Md. Code, FI § 11-303

Renumbered as § - 11-304 by 2021 Md. Laws, Ch. 101, Sec. 1, eff. 10/1/2021.