Maryland Code, COMMERCIAL LAW 12-1002
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Terms Used In Maryland Code, COMMERCIAL LAW 12-1002
- Grantor: The person who establishes a trust and places property into it.
(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.