LOANS—PETTY. 367

ARTICLE 58A.

LOANS—PETTY.

19. To what loans this article not applicable; special provision for Frederick County.

1,

This article did not repeal art. 8, secs. 11-17. Wight v. B. & O. R. R. Co., 148
Md. 72.

14.

Cited by not construed in Fid. & Dep. Co. v. Loan Assn., 153 Md. 190.

An. Code, 1924. sec. 19. 1918, ch. 88, sec. 19. 1929, ch. 564.

19. This Article shall not apply to any person, co-partnership or cor-
poration doing business under any law of this State, or of the United
States, relating to banks, trust companies, or building and loan associa-
tions, or to companies or corporations making loans at a rate of interest not
exceeding 6% per annum, charging a fee not exceeding two per cent.
(2%) of the amount of the loan, and in Frederick County charging a fee
not exceeding 4% on loans of Three Hundred Dollars ($300) or less and
charging a fee of not exceeding 2% on loans above Three Hundred Dollar's
($300), to cover the cost of investigating the character and circumstances
of the borrower and of the co-makers of the borrower's note evidencing the
loan, and requiring the borrower as security for such loan, to purchase Cer-
tificates of Investment or choses in action equal in amount to the sum bor-
rowed and to pay therefor in equal weekly or monthly installments cover-
ing approximately the period of the loan, provided that the proceeds of
said Certificates of Investment or choses in action shall, at the option of
the borrower, be received at maturity in payment of said loan.

This article referred to in upholding constitutionality of sec. 131, art. 23—see notes
thereto. Carozza v. Federal Finance Co., 149 Md. 246.