Legal Status
Prohibited - Consumer loan act applies
Citation
Md. Code Com. Law § 12-306
Loan Terms
Maximum Loan Amount: not specified
Loan Term: Loans $700 and below: term may not exceed 30 months and 15 days. Loans $701-$1999: 35 months and 15 days. Loans $2000+: 72 months and 15 days.
Finance Charge for 14-day $100 Loan: 2.75 (but effectively banned)
APR for 14-day $100 Loan: #VALUE!