Md. Code, Commercial Law § 12-1002
This is the official text of Md. Code, Commercial Law § 12-1002, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§12–1002.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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