§ 15-304. Affidavit as to interest on loan
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 15-304
§ 15-304. Affidavit as to interest on loan
The assignor's acknowledgment of assignment shall include his affidavit stating that he has not paid and will not pay directly or indirectly on any sum borrowed, an effective rate of simple interest, as defined in § 12-101 of this article, of more than 6 percent per annum.
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 8, § 8.
MD Code, Commercial Law, § 15-304, MD COML § 15-304
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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