Maryland Statutes
§ 12-107
Maryland § 12-107
This text of Maryland § 12-107 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Commercial Law § 12-107 (2026).
Text
If a charge or fee considered interest under this subtitle is charged at or before the inception of a loan contract, the effective rate of simple interest permitted to be charged by §§ 12-102 and 12-103 of this subtitle, and required to be disclosed by § 12-106 of this subtitle shall be determined in the same manner as if the fee or charge had not been charged, except that the principal of the loan used in determining the rate of interest is the face amount of the loan less the fee or charge.
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Bluebook (online)
Maryland § 12-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/12-107.