1452 LAWS OF MARYLAND. [CH. 932

186. (Confessions of Judgment; Incomplete Instruments. )
No licensee shall (1) at the time of the making of a loan or
before default in payment, take any confession of judgment
or any power of attorney running to himself or to any third
person to confess judgment or to appear for the borrower in
a judicial proceeding; nor (2) take any note, promise to pay, or
instrument of security that does not disclose the amount of
the loan, a schedule of payments or a description thereof, and
the agreed amount or rate of interest, charges, and fees, nor
any instrument in which blanks are left to be filled in after
execution.

187. (Indebtedness of More Than $1, 500. ) If any licensee
shall loan or contract for the loan of an amount in excess
of Fifteen Hundred Dollars ($1, 500) to any one borrower,
whether as a part of one transaction or as the aggregate
of more than one transaction, he shall not be permitted
to charge, contract for, or receive, either directly or indi-
rectly, upon any such loan or aggregate of such loans, or upon
any part thereof, interest, charges or fees, in excess of that
which he would be permitted by law to charge if he were not
licensed hereunder. The foregoing prohibition shall also ap-
ply to any licensee who permits any person, as borrower or as
endorser, guarantor, or surety for any borrower, or otherwise,
or any husband and wife jointly or severally, to owe directly
or contingently or both, to the licensee at any time the sum
of more than Fifteen Hundred Dollars ($1, 500).

188. (Wage Purchases. ) For the purpose of preventing
evasion of this sub-title by the device of Wage purchases or as-
signments, the payment of Fifteen Hundred Dollars ($1, 500)
or less in money, credit, goods, or things in action, as consid-
eration for any sale or assignment of, or order for, the payment
of wages, salary, commissions, or other compensation for serv-
ices, Whether earned or to be earned, shall for the purpose of
regulation under this sub-title be deemed a loan of money
secured by such sale, assignment, or order. The amount by
which such compensation so sold, assigned, or ordered paid
exceeds the amount of such consideration actually paid shall
for the purpose of regulation under this sub-title be deemed
interest or charges upon such loan from the date of such
payment to the date such compensation is payable. Such
transaction shall be governed by and subject to the provisions
of this sub-title.

189. (Collateral Agreements. ) Any profit or advantage of
any kind whatsoever that any person may contract for, collect,
receive or in any wise obtain by any collateral sale, purchase,
or agreement, in connection with the negotiating, arranging,