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2020 Maryland Statutes
Commercial Law
Title 12 - Credit Regulations
Subtitle 3 - Consumer Loans -- Credit Provisions
Section 12-304 - Advertising
Universal Citation:
MD Commercial Law Code Ann. § 12-304 (2020)
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(a) A lender may not directly or indirectly print, publish, distribute, or broadcast any false, misleading, or deceptive statement regarding the rates, terms, or conditions of a loan.
(b) (1) If charges or rates of charges are advertised by a licensee, the Commissioner may require him to state them fully and clearly in any manner the Commissioner considers necessary to prevent misunderstanding by a prospective borrower.
(2) Subject to any condition which the Commissioner may impose to prevent a false impression regarding the scope or degree of protection provided by this subtitle, the Commissioner may permit or require a licensee to refer in his advertising to the fact that his business is under State supervision.
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