2010 Maryland Code
COMMERCIAL LAW
TITLE 12 - CREDIT REGULATIONS
Subtitle 1 - Interest and Usury
Section 12-102 - General legal rate of interest.

§ 12-102. General legal rate of interest.
 

Except as otherwise provided by law, a person may not charge interest in excess of an effective rate of simple interest of 6 percent per annum on the unpaid principal balance of a loan. 
 

[An. Code 1957, art. 49, § 3; 1975, ch. 49, § 3.] 
 

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