700 INTEREST AND USURY. [ART. 49

ARTICLE XLIX

INTEREST AND USURY.

6. When usury is not a cause of ac- tion ; renewals.

7. Petty loans; additional charges prohibited save in certain cases

1.

As to charges on petty loans, etc., see article 56, sections 21A to 21C.

1904, art 49, sec. 6. 1888, art. 49, sec. 6. 1876, ch. 358. 1912, ch. 835

6. Nothing in the preceding section shall be so construed as to
make usury a cause of action in any case where the bond, bill obliga-
tory, promissory note, bill of exchange or other evidence of indebted-
ness has been redeemed or settled for by the obligor or obligors in
money or other valuable consideration, except that usury shall be a
cause of action in all cases where the redemption or settlement above
mentioned is secured by or connected with a renewal in whole or in
part of the original indebtedness, provided that such original indebted-
ness shall not have exceeded the sum of $500.*

See notes to this section (as it stood in 1911) in volume 1 of the Anno-
tated Code.

Ibid, sec 7. 1900, ch. 404, sec. 7. 1902, ch. 208. 1912, ch. 835.

7. It shall not be lawful for any individual, partnership, associa-
tion or corporation other than pawnbrokers, real estate brokers on loans
secured by mortgage on real estate and licensed petty loan brokers
loaning money in this State to exact, demand or receive of the bor-
rower or borrowers, or of any other person on his, her or their behalf
in addition to legal interest as set forth in section 1 of this article, any
additional sum or sums either in the way of bonus or commission or
otherwise for procuring or making any loan or advance of any sum of
money less in amount than $100, or for the use of said sum or loan
or advance, or for examination or valuation of property, examination
of title, preparation, registration or recording of papers, acknowledg-
ments, affidavits, insurance or other expenses of any kind connected
with said loan, provided, however, that the privileges extended by law
to real estate brokers, loaning money on real estate as aforesaid and to
licensed petty loan brokers shall be extended also to attorneys at law
in dealing with their clients and without requirement of any license or
license fees from said attorneys.

See article 3, section 57, of the Md. Constitution.

*A "saving" clause is contained in section 2 of the act of 1912, chapter 835.