Maryland Code, COMMERCIAL LAW 12-111
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Terms Used In Maryland Code, COMMERCIAL LAW 12-111
- Usury: Charging an illegally high interest rate on a loan. Source: OCC
(a) This section does not apply to a loan subject to § 12-114.1 of this subtitle.
(b) A private action for usury under this subtitle may not be brought more than 6 months after the loan is satisfied.