§ 12-1002
67 words·~1 min read·
/md/commercial-law/12-1002A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–1002.
(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.