2740                                         LAWS OF MARYLAND                      [Ch. 818

changing the method of charges for loans,
[[permitting the sale of health insurance in
connection with loans, forbidding certain
discriminating practices, and making provisions
generally relating to loans,]] and generally
clarifying the language therein.

BY repealing and re—enacting, with amendments,

Article 11 — Banks and Trust Companies

Section 165,188(b),193,196,197,198,199,200 and 201

Annotated Code of Maryland

(1968 Replacement Volume and 1973 Supplement)

BY adding to

Article 11 - Banks and Trust Companies

Section 206

Annotated Code of Maryland

(1968 Replacement Volume and 1973 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 165, 188(b), 193, 196, 197, 198,
199, 200 and 201 of Article 11 - Banks and Trust
Companies, of the Annotated Code of Maryland (1968
Replacement Volume and 1973 Supplement) be and they are
hereby repealed and re—enacted, with amendments, to read
as follows:

Article 11 - Banks and Trust Companies
165.

On and after July 1, 1945, no person shall engage in
the business of making loans or advances of money or
credit in the amount of or to the value of [fifteen
hundred dollars ($1,500)] [[$5,000]] $3,500 or less and
contract for, exact, charge or receive, directly or
indirectly, on or in connection with any [such] loan or
advance any charges whether for interest, compensation,
consideration, or expense which in the aggregate are
greater than the interest which [such] THE person would
be permitted by law to charge for a loan of money if he
were not a licensee under this subtitle, except as
provided in and authorized by or exempted therefrom by
this subtitle and without first having obtained a license
from the Commissioner.

188.

(b) For the purpose of discovering violations of