Maryland Payday Loan Laws, Maryland State Payday Loans Legislation, Maryland Payday Loans Where to Complain, Citation, Legal Status

Maryland Payday Loan Laws


Maryland Payday Loan Laws

Maryland Payday loan laws. Maryland Payday loan legislation. Maryland state does not have differant payday loan safe-harbor laws. At this time, the best approach is to offer payday loans via online, one of the alternative methods (cash rebates, ISP model, etc.) discussed in our training materials, or the newest model, the CSO (Credit Services Organization) approach.

Maryland State Payday Loan Laws and Legislation Information

Maryland Payday Loans Legal Status: Prohibited

Maryland Payday Loans Citation:
Consumer loan act applies. Md. Code Ann. Com. Law II § 12-301 et seq.

Maryland Payday Loans Small Loan Rate Cap
2.75% per month; 33% per year.

Maryland Payday Loans Regulator: Maryland Commissioner of Financial Regulation

Maryland Payday Loans Address: 500 North Calvert Street Suite 402 Baltimore MD 21202

Maryland Payday Loans Phone Number: (410) 230-6100

Maryland Payday Loans Fax: (410) 333-3866

Maryland Payday Loans Regulatory Contact: Michael Jackson Director, Regulatory Policy

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