Section 1-209 - Regulation of extension of credit. - Maryland Statutes

§ 1-209. Regulation of extension of credit.
 

(a)  State to regulate.- Only the State may enact a law which purports to regulate extensions of credit made by a financial institution. 

(b)  Exceptions.- This section does not: 

(1) Affect federal law preemption of State law; 

(2) Restrict or otherwise affect local laws that establish property ownership or the rights and obligations of property owners; 

(3) Restrict or otherwise affect a local government's ability to regulate its fiscal, economic, or community development policy; 

(4) Restrict or otherwise affect a local government's ability to enact laws or adopt regulations relating to fair housing or other civil rights; or 

(5) Restrict or otherwise affect a local government's ability to establish or administer loan programs to assist residents with financial needs. 
 

[2002, ch. 532, § 2.]