§ 1-209
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/md/financial-institutions/1-209A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§1–209.
(a)Only the State may enact a law which purports to regulate extensions of credit made by a financial institution.
(b)This section does not:
(1)Affect federal law preemption of State law;
(2)Restrict or otherwise affect local laws that establish property ownership or the rights and obligations of property owners;
(3)Restrict or otherwise affect a local government’s ability to regulate its fiscal, economic, or community development policy;
(4)Restrict or otherwise affect a local government’s ability to enact laws or adopt regulations relating to fair housing or other civil rights; or
(5)Restrict or otherwise affect a local government’s ability to establish or administer loan programs to assist residents with financial needs.