Maryland Statutes
§ 12-409
Maryland § 12-409
This text of Maryland § 12-409 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 § 12-409 (2026).
Text
An instrument which evidences or secures a loan may not contain any:
(1)Acceleration clause under which any part or all of the unpaid balance of the loan not yet matured may be declared due and payable for any reason other than default by the debtor in the payment or in another required term of the instrument;
(2)Provision by which the debtor waives any right accruing to him under the provisions of this subtitle; or
(3)Assignment or order for the payment of wages, whether earned or to be earned.
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Bluebook (online)
Maryland § 12-409, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/12-409.