Maryland is not as clear cut as other states. In a former company, I worked for we operated under the CSO (Credit service organization). In many states, Maryland included - that's a fancy way of getting past high interest rates.
Long story short. Maryland is just as expensive to borrow money as the rest of the country. For payday loans and other high cost of credit loans. Your looking at north of 600% APR.
29%
Depends on the state you live in, contact you state Attorney General office
Delaware Maryland
This depends in your state and sometimes in your county. Is SC, the max is 29% as of 12/05.
5% above the Federal Reserve Discount Rate at the time the contract was made.
Delaware Maryland
Delaware Maryland
border state
The Court of Special Appeals
Maryland was extremely close to DC if we had lost maryland, the north would have surely lost the war, also Maryland was a border state, a border state was a state that allowed slavery but did not secede from the union
It is regulated by state law, so it depends on where your credit agreement is in effect. Where I am it's 33% annually.
max 18% if is more than 500.000 25%