Maryland Statutes
§ 12-507
Maryland § 12-507
This text of Maryland § 12-507 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 § 12-507 (2026).
Text
(a)If, as part of a retail credit account, a promissory note is taken by the seller or financial institution, the note shall refer to the account out of which it arises.
(b)The note may not contain a confession of judgment or any power of attorney to appear for the buyer or for any surety or guarantor for the buyer to confess judgment.
(c)If the note is assigned, it is subject to all defenses which the buyer might have asserted against the seller or financial institution.
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Bluebook (online)
Maryland § 12-507, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/12-507.