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2013 Maryland Code
COMMERCIAL LAW
§ 12-1002 - Authorized extensions of credit


MD Comm L Code § 12-1002 (2013) What's This?

§12-1002.

(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.

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