Home Table of Contents

§ 12-113. Discrimination

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 1. Interest and Usury (Refs & Annos)
MD Code, Commercial Law, § 12-113
§ 12-113. Discrimination
Currentness
(a) Except as provided in subsection (b) of this section, a lender may not refuse to lend money to any person solely because of:
(1) Geographic area or neighborhood; or
(2) Race, creed, color, age, sex, marital status, handicap, or national origin.
(b) A lender may refuse to make a loan:
(1) On property outside a geographic area of the State in which the lender normally does business;
(2) To be used in a type of business or activity other than a type in connection with which the lender normally makes loans; or
(3) Because of a greater than normal risk, including one due to:
(i) The presence of an airport;
(ii) An unusual drainage condition; or
(iii) Any other situation which causes a greater than normal risk of loss in a particular area.

Credits

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 49, § 13.
MD Code, Commercial Law, § 12-113, MD COML § 12-113
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.
End of Document