Md. Code Ann., Com. Law § 12-112
Holders in due course
Effective Jan 1, 2019Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 2018, c. 732, § 2, eff. Jan. 1, 2019; Acts 2018, c. 790, § 1, eff. Jan. 1, 2019.State of Maryland
- (a) This section does not apply to a loan subject to § 12-114.1 of this subtitle.
- (b) A claim or plea of usury is not available against a legal or equitable assignee, endorsee, or transferee of any bond, draft, mortgage, deed of trust, security agreement, promissory note, or other instrument or evidence of indebtedness, if he receives it for a bona fide and legal consideration without notice of any usury in its creation or subsequent assignment.
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 2018, c. 732, § 2, eff. Jan. 1, 2019; Acts 2018, c. 790, § 1, eff. Jan. 1, 2019.
Formerly Art. 49, § 9.