Maryland Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2022]
Payday loans are short-term, high-interest loans with no credit check. They’re supposed to help underqualified borrowers in financial distress, but they’re so expensive that they often backfire. That’s made them highly controversial, and state authorities choose to regulate them very differently. Here’s how the Maryland payday loan laws work. Payday lending status in Maryland: Prohibited …
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