Md. Code, Com. § 12-505.3

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024

Section 12-505.3 - Maximum finance charge - Closed end account - Balloon payment prohibited

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.

Md. Code, CL § 12-505.3