§ 12-505.2. Maximum finance charge -- Closed end account -- Change in finance charge during term of account prohibited

MD Comm L Code § 12-505.2 (2019) (N/A)
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A seller or holder may not enter into a closed end retail credit account agreement, providing for an initial rate of finance charge pursuant to § 12-505(a)(3) of this subtitle, which contains a provision that permits the seller or holder to increase or decrease the applicable rate of finance charge from time to time during the term of the account.