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§ 11-303. License required to engage in business of installment loans or credit services

West's Annotated Code of MarylandFinancial InstitutionsEffective: October 1, 2021

West's Annotated Code of Maryland
Financial Institutions
Title 11. Consumer Credit
Subtitle 3. Installment Loans--Licensing Provisions
Effective: October 1, 2021
MD Code, Financial Institutions, § 11-303
Formerly cited as MD FIN INST § 11-302
§ 11-303. License required to engage in business of installment loans or credit services
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.

Credits

Added as Financial Institutions § 11-302 by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1982, c. 753; Acts 1983, c. 143, § 1; Acts 1991, c. 628; Acts 1996, c. 326, § 2, eff. July 1, 1996. Renumbered as Financial Institutions § 11-303 by Acts 2021, c. 101, § 1, eff. Oct. 1, 2021. Amended by Acts 2021, c. 101, § 2, eff. Oct. 1, 2021.
Formerly Art. 49, § 5.
MD Code, Financial Institutions, § 11-303, MD FIN INST § 11-303
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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