Md. Code Ann., Fin. Inst. § 9-424
Payment of loan charges by borrower
Effective Jun 1, 1986Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.State of Maryland
- (a) A savings and loan association may require a borrower to pay all charges in connection with a loan to the borrower.
- (b) At each settlement, a savings and loan association shall give the borrower a memorandum of settlement that details each charge made in connection with the settlement.
- (c) This section does not modify the usury laws of this State.
Added by Acts 1980, c. 856, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 282, § 1, eff. June 1, 1986.
Formerly Art. 23, § 161GG.