Legeal status of cash advance in Maryland

Maybe people ask about payday loans. Is it legal? How much will it cost? How to get it?
The third state for today is Maryland state.. 

Maryland State Information

Legal Status: Prohibited

Citation:
Consumer loan act applies. Md. Code Com. Law § 12-101 et seq.

Small Loan Rate Cap
2.75% per month; 33% per year.

Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 401 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866

Regulator’s Website: http://www.dllr.state.md.us/finance/

Find more info about Payday loans in Maryland here: http://easyloansusa.net/maryland/

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