Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 03 - COMMISSIONER OF FINANCIAL REGULATION
Chapter 09.03.10 - Credit and Other Regulation
Section 09.03.10.04 - Consumer Loans
Universal Citation: MD Code Reg 09.03.10.04
Current through Register Vol. 51, No. 6, March 22, 2024
The term loan account in Financial Institutions Article, § 11-219, Annotated Code of Maryland:
A. Means any loan or advance of money or credit subject to Commercial Law Article, Title 12, Subtitle 3, Annotated Code of Maryland, the Maryland Consumer Loan Law-Credit Provisions, regardless of whether the loan or advance of money or credit is or purports to be made under Commercial Law Article, Title 12, Subtitle 3, Annotated Code of Maryland; and
B. Does not include an installment loan as defined in Financial Institutions Article, § 11-302, Annotated Code of Maryland.
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