Section 9-424 - Expenses charged borrowers. - Maryland Statutes

§ 9-424. Expenses charged borrowers.
 

(a)  Authority in general.- A savings and loan association may require a borrower to pay all charges in connection with a loan to the borrower. 

(b)  Memorandum of settlement.- At each settlement, a savings and loan association shall give the borrower a memorandum of settlement that details each charge made in connection with the settlement. 

(c)  Application to laws of usury.- This section does not modify the usury laws of this State. 
 

[An. Code 1957, art. 23, § 161GG; 1980, ch. 856; 1986, ch. 282.]