§ 11-204. License required to make a loan or transact business
West's Annotated Code of MarylandFinancial InstitutionsEffective: July 1, 2023
Effective: July 1, 2023
MD Code, Financial Institutions, § 11-204
§ 11-204. License required to make a loan or transact business
(a) A person may not:
(b) This section does not prohibit a licensee from accommodating a borrower, at the borrower's request, by making a loan by mail because of the borrower's sickness or hours of employment or for similar reasons.
(c) Notwithstanding subsections (a) and (b) of this section, for a loan that is to be secured by residential real property:
Credits
Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1998, c. 760, § 1, eff. Oct. 1, 1998; Acts 1998, c. 761, § 1, eff. Oct. 1, 1998; Acts 2017, c. 253, § 1, eff. July 1, 2017; Acts 2023, c. 567, § 1, eff. July 1, 2023.
Formerly Art. 58A, §§ 1, 9.
MD Code, Financial Institutions, § 11-204, MD FIN INST § 11-204
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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