§ 11-303
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/md/financial-institutions/11-303·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–303.
Unless the person is licensed by the Commissioner, a person may not:
(1)Engage in the business of making installment loans;
(2)Make more than 5 installment loans a year; or
(3)Engage in the business of a credit services business as defined under Title 14, Subtitle 19 of the Commercial Law Article.