SPIRO T. AGNEW, Governor                       669

insurance through a particular agent or broker, or by a particular
insurance company, as a condition precedent to the making of a loan.

(d) Nothing in this article shall be deemed to authorize the receipt
of any commission or similar compensation in connection with the
writing or placing or servicing of insurance by any person who is
not then a licensed broker or agent, or not otherwise authorized by
the Insurance Department of Maryland.

19.

(a) No licensee shall take as security for a loan any confession of
judgment, assignment or order for payment of wages, salary, com-
missions or other compensation for services, or any power of attor-
ney, nor shall he take any note, promise to pay, or security that does
not state the actual amount of the loan, nor the time for which it is
made [and the rate of interest charged], nor any instrument in
which blanks are left to be filled after [execution] the proceeds of a
loan are delivered. The note shall show either the rate of interest
contracted for under Section 16(a), or the charges contracted for
under Section 16A (a). [Nothing in this article shall be construed to
authorize any sale, assignment or order for the payment of any
wages, salaries, commissions or other compensation for services.

The payment of three hundred dollars ($300.00) or less in money,

credit, goods or things in action, as a consideration for any sale, or

for the payment of wages, salary, commission or other compensation

for services, whether earned or to be earned, shall be deemed a loan

within the provisions of this article and the amount by which such

assigned compensation exceeds such payment shall be deemed in-
terest upon such loan from the date of such payment to the date such
compensation is payable. Such loan shall be governed by and sub-
ject to the provisions of this article.]

(b) No contract of loan under this article shall provide for a
scheduled repayment of principal more than thirty-six (36) THIRTY
(30) months and fifteen (15) days from the date the loan is made.

21.

(a)  No person, copartnership, association or corporation, shall
directly or indirectly charge, contract for or receive, any interest,
charges, discount, or other consideration, which in the aggregate is
greater than that authorized by law upon the loan, use or forebear-
ance of money, goods or things in action, or upon the loan, use or sale
of credit, of the amount or value of one thousand dollars ($1,000)
FIVE HUNDRED DOLLARS ($500.00) or less.

(b)  Section 21 (a) shall apply to any person who, as security for
any such loan, use or forebearance of money, goods or things in
action, or for any such loan, use or sale of credit, makes a pretended
purchase of property from any person and permits the owner or
pledgor to retain the possession thereof, or who, by any device or
pretense of charging for his services, or otherwise, seeks to obtain
any interest, charges, discount or other such consideration.

(c)  Section 21(a) shall apply to the payment of money, credit,
goods or things in action, as consideration for any sale of or
assignment of wages or salary, in the amount of one thousand dollars