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2021 Maryland Statutes
Commercial Law
Title 12 - Credit Regulations
Subtitle 5 - Retail Credit Accounts
Section 12-505.3 - Maximum Finance Charge -- Closed End Account -- Balloon Payment Prohibited
Universal Citation: MD. Commercial Law Code Ann. § 12-505.3 (2021)
With respect to a closed end retail credit account established at a rate pursuant to § 12-505(a) of this subtitle, the agreement may not provide for a balloon payment.
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