394

LAWS OF MARYLAND

[Ch. 49

statute...will limit the act to what the title
intends." Shub v. Simpson. 196 Md. 177,
(1950). This reading of present §13(b)
follows the like conclusion of the Attorney

General in ___ Op. Att'y Gen. ___ (The Daily

Record, ___ 1974).

In subsections (b)(1) and (2) of this section,

the somewhat inconsistently used terms

"accumulated" and "accrued" are deleted as
unnecessary.

12-110. EFFECT OF ASSIGNMENT ON USURIOUS LOAN OR
CONTRACT.

AN ASSIGNMENT OF WAGES IS VOID IF GIVEN AS SECURITY
FOR THE PAYMENT OR FULFILLMENT OF A USURIOUS CONTRACT OR
THE PAYMENT OF THE PRINCIPAL OR INTEREST ON A USURIOUS
LOAN.

REVISOR'S NOTE: This section presently appears as
Art. 8, §10.

The technically more accurate term "usurious
loan" is substituted for "usurious debt."

The word "salary" is deleted as unnecessary in
light of the definition of "wages" contained
in §12-101.

The only other changes are in style.

12-111. LIMITATION OF ACTIONS.

AN ACTION FOR USURY UNDER THIS SUBTITLE MAY NOT BE
BROUGHT MORE THAN SIX MONTHS AFTER THE LOAN IS SATISFIED.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 49, §11.

For limitation of actions in general, see
Title 5 of the Courts Article.

12-112. USURY NOT AVAILABLE AGAINST BONA FIDE ASSIGNEE.

A CLAIM OR PLEA OF USURY IS NOT AVAILABLE AGAINST A
LEGAL OR EQUITABLE ASSIGNEE, ENDORSEE, OR TRANSFEREE OF
ANY BOND, DRAFT, MORTGAGE, DEED OF TRUST, SECURITY
AGREEMENT, PROMISSORY NOTE, OR OTHER INSTRUMENT OR
EVIDENCE OF INDEBTEDNESS, IF HE RECEIVES IT FOR A BONA
FIDE AND LEGAL CONSIDERATION WITHOUT NOTICE OF ANY USURY
IN ITS CREATION OR SUBSEQUENT ASSIGNMENT.

REVISOR'S NOTE: This section presently appears as