Md. Code, Financial Institutions § 12-120
This is the official text of Md. Code, Financial Institutions § 12-120, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§12–120.
Official statutory text
(a) Except as provided in § 15-802(b) of the Commercial Law Article and subsection (b) of this section, a licensee may not charge any other fee, including late fees or other service fees, for accepting or cashing a payment instrument in excess of the greater of:
(1) 2% of the face amount of the payment instrument or $3, if the payment instrument is issued by the federal government or a state or local government;
(2) 10% of the face amount of a payment instrument or $5, if the payment instrument is a personal check; or
(3) 4% of the face amount of the payment instrument or $5, for any other payment instrument.
(b) A licensee may charge a customer a one-time membership fee not to exceed $5.
(1) 2% of the face amount of the payment instrument or $3, if the payment instrument is issued by the federal government or a state or local government;
(2) 10% of the face amount of a payment instrument or $5, if the payment instrument is a personal check; or
(3) 4% of the face amount of the payment instrument or $5, for any other payment instrument.
(b) A licensee may charge a customer a one-time membership fee not to exceed $5.
Status: in_force · Read it on the official government site
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