Md. Code, Commercial Law § 12-102

Md. Code, Commercial Law § 12-102
in effect
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Except as otherwise provided by law, a person may not charge interest in excess of an effective rate of simple interest of 6 percent per annum on the unpaid principal balance of a loan.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl&section=12-102&enactments=falseFetched: 10/16/2026

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