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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 701   View pdf image (33K)
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ART. 49] INTEREST AND USURY. 701

The violation of any provision of this section shall be a misdemeanor
on the part of the lender or procurer of said loan, and if such lender
or procurer be a corporation or a non-resident of the State of Maryland,
then such violation shall be a misdemeanor on the part of any person
participating therein as a representative or agent of the lender or pro-
curer, and all such misdemeanors upon conviction thereof shall be pun-
ishable by a fine of not more than $100 for the first offense, and for
the second and each subsequent offense by a fine of not more than
$100 and imprisonment for not more than thirty days. And every loan
in connection with which such violation shall have occurred shall be
absolutely null and void and the borrower shall be entitled to recover
from the lender any and all sums paid or returned on acount of or in
connection with such loan.*

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

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

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

 

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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 701   View pdf image (33K)
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