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LAWS OF MARYLAND
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750
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Ch. 143
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(2) PERMITTING PREPAYMENT OR REFINANCING OF THE LOAN
IN WHOLE OR IN PART;
(3) CHARGING AND COLLECTING ANY CHARGES IN CONNECTION
WITH THE MATTERS REFERRED TO IN PARAGRAPHS (1) AND (2) OF THIS
SECTION; OR
(4) CHARGING AND COLLECTING LATE OR DELINQUENCY
CHARGES, ATTORNEY'S FEES, OR COLLECTION CHARGES.
12-1013.
THE PROVISIONS OF ANY OTHER LAW OF THIS STATE LIMITING THE
RATE OR AMOUNT OF INTEREST, DISCOUNT, POINTS, FINANCE CHARGES,
SERVICE CHARGES, FINES, FEES, COMMISSIONS, COSTS, EXPENSES, OR
OTHER CHARGES WHICH MAY BE CHARGED, TAKEN, COLLECTED, RECEIVED,
OR RESERVED SHALL NOT APPLY TO EXTENSIONS OF CREDIT MADE IN
ACCORDANCE WITH THIS SUBTITLE.
12-1014.
(A) NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS TITLE, A
BANK CREDIT GRANTOR MAY AT ITS OPTION ELECT TO MAKE A LOAN TO ANY
BORROWER EITHER PURSUANT TO THIS SUBTITLE OR AS OTHERWISE
PERMITTED BY APPLICABLE LAW.
(B) IF ANY PROVISION OF THIS SUBTITLE IS HELD INVALID, SUCH
INVALIDITY SHALL NOT AFFECT ANY OTHER PROVISIONS OF THIS SUBTITLE
WHICH CAN BE GIVEN EFFECT WITHOUT THE INVALID PROVISION.
(C) NOTWITHSTANDING ANY PROVISIONS OF THIS TITLE, A LOAN
UNDER THIS SUBTITLE IS SUBJECT ONLY TO THE DISCLOSURE
REQUIREMENTS OF THIS SUBTITLE, AND, TO THE EXTENT APPLICABLE, OF
THE FEDERAL TRUTH IN LENDING ACT AND REGULATIONS PROMULGATED
THEREUNDER.
12=1015.
A CREDIT GRANTOR SHALL BE SUBJECT TO ALL APPLICABLE
LICENSING, INVESTIGATORY, AND ENFORCEMENT PROVISIONS OF THE
FINANCIAL INSTITUTIONS AND COMMERCIAL LAW ARTICLES OF THIS CODE
IF THE CREDIT GRANTOR WHO MAKES A LOAN OR OTHER EXTENSION OF
CREDIT UNDER THIS SUBTITLE IS ALSO:
(1) A PERSONS MAKING AN INSTALLMENT LOAN UNDER TITLE
11, SUBTITLE 3 OF THE FINANCIAL INSTITUTIONS ARTICLE OTHER THAN
FINANCIAL INSTITUTION OR SELLER AS DEFINED IN TITLE 12, SUBTITLE
5 OF THE COMMERCIAL LAW ARTICLE AND OTHER THAN A HOLDER OF SELLER
AS DEFINED IN TITLE 12, SUBTITLE 6 OF THE COMMERCIAL LAW ARTICLE;
(2) A PERSON MAKING A SECONDARY MORTGAGE LOAN UNDER
TITLE 12, SUBTITLE 3 OF THE FINANCIAL INSTITUTIONS ARTICLE; OR
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