Md. Code, Financial Institutions § 9-407
Md. Code, Financial Institutions § 9-407
in effect(a) As to any savings account that has a withdrawal value of less than $25, a savings and loan association:
(1) Need not pay a dividend or interest on the account; and
(2) May not charge a penalty or service charge.
(b) This section does not apply to a negotiable or transferable order of withdrawal account.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi§ion=9-407&enactments=falseFetched: 10/17/2026