§ 12-102. Maximum rate generally
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 12-102
§ 12-102. Maximum rate generally
Except as otherwise provided by law, a person may not charge interest in excess of an effective rate of simple interest of 6 percent per annum on the unpaid principal balance of a loan.
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 49, § 3.
MD Code, Commercial Law, § 12-102, MD COML § 12-102
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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