Md. Code, Financial Institutions § 11-303
Md. Code, Financial Institutions § 11-303
in effectUnless 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=11-303&enactments=falseFetched: 10/17/2026
