Home Table of Contents

§ 12-1002. Authorization

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 10. Credit Grantor Closed End Credit Provisions (Refs & Annos)
MD Code, Commercial Law, § 12-1002
§ 12-1002. Authorization
Currentness
(a) Any credit grantor may, subject to the other provisions of this subtitle, offer and extend closed end credit to a borrower.
(b) In connection with closed end credit offered and extended under this subtitle, a credit grantor may charge and collect the interest and other charges permitted by this subtitle and may take any security as collateral as may be acceptable to the credit grantor.

Credits

Added by Acts 1983, c. 143, § 1, eff. July 1, 1983. Amended by Acts 1993, c. 404, § 2.
MD Code, Commercial Law, § 12-1002, MD COML § 12-1002
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