2016 Maryland Code
Commercial Law
Title 12 - Credit Regulations
Subtitle 1 - Interest and Usury
§ 12-112. Usury not available against bona fide assignee

MD Comm L Code § 12-112 (2016) What's This?

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.

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