1262 INTEREST AND USURY. [ART. 49

or any other personal chattels, whether such lien shall be in the nature
of a conditional sale, chattel mortgage, bill of sale, whether recorded or
unrecorded, or any other lien of any character whatsoever, to have or
charge for the use of money so loaned more than the lawful rate of
interest thereon as fixed by the provisions of section 57 of article 3 of
the constitution of the State of Maryland, and that no additional sums
either in the way of bonus or otherwise shall be required or exacted of
the borrower or borrowers; and further, that no charges for examina-
tion or valuation of property offered, insurance of same, and prepa-
ration, execution and recording of necessary papers shall be imposed
except as follows: for examination or valuation of property offered for
security for loan and preparation of papers (both included) the sum
of five dollars where the amount loaned does not exceed fifty dollars;
six dollars where the amount exceeds fifty and equals one hundred dol-
lars or less; and five per centum additional of the excess over one
hundred dollars where the amount loaned exceeds one hundred dollars
and equals one thousand dollars or less; and two and one-half per
centum additional of the excess over one thousand dollars where the
amount loaned exceeds one thousand dollars; for necessary affidavits,
recording papers, revenue stamps and fire insurance premiums the
amounts actually to be paid for same; provided that the foregoing
charges and interest as herein provided may be deducted from the prin-
cipal of the loan when the same is made; and provided further, it shall
not be lawful to make any charges for renewals or extensions of loans,
nor to divide or split up loans under any pretext whatsoever for the
purpose of requiring or exacting any other or greater charges than pre-
scribed herein; and provided, that where a loan is paid off before
maturity, interest shall be rebated to the borrower or borrowers at the
rate of six per centum per annum on the amount so paid; and any
violations of the provisions of this section shall be a misdemeanor and
punishable by a fine of one hundred dollars for the first offense, and of
a like fine and imprisonment in jail for thirty days for the second and
each subsequent offense; and further, the entire amount loaned shall
be forfeited to the borrower or borrowers and the mortgage therefor
given become null and void.

As to assignments of salaries to secure usurious loans, see art. 8, sec 15.
See also art. 23, sec. 124.