LAWS OF MARYLAND 1975

MARYLAND, Sct.:

At a Session of the General Assembly of Maryland, begun
and held in the City of Annapolis on the
Eighth Day of January, 1975, and Ending on the
Seventh Day of April, 1975, Marvin Mandel,
being Governor of the State, the following
laws were enacted, to wit:

CHAPTER 1

(Senate Bill 121)

AN ACT concerning

Interest and Usury - Points

FOR the purpose of permitting a lender to charge points
on [[a conventional mortgage loan]] certain mortgage
loans under certain circumstances, and providing
that this Act is in part an emergency measure.

BY repealing and re—enacting, with amendments,

Article 49 — Interest and Usury

Section 2

Annotated Code of Maryland

(1972 Emplacement Volume and 1974 Supplement)

BY repealing and re-enacting, with amendments,

Article — Commercial Law

Section 12-108

Annotated Code of Maryland

As enacted by Chapter____(H.B. 26) of the Acts

of the 1975 General Assembly

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 2 of Article 49 - Interest and
Usury, of the Annotated Code of Maryland (1972

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to the bill.
[[Double brackets]] enclose matter stricken out of bill.