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Maryland Payday Loans

Governing law in state:
Presently, Maryland prohibits cash advance loans.  Along with 21 other states, Maryland bars creditors from issuing payday advance loans to consumers.  This is because the state has instituted a small loan interest rate cap.  Therefore, check cash advance lenders must comply with Maryland's criminal usury or small loan laws.  The small loan rate cap is set at 2.75% monthly and 33% annually (APR). Pursuant to the state's Senate Joint Resolution 7, out-of-state cash advance companies cannot charter with local Maryland banks.  In fact, this resolution is the only Senate resolution preventing out-of-state creditors from establishing and extending their payday loan services from their own state.

Maximum loan amount:
Creditors must comply with Maryland's small loan law limit.

Loan terms:
Maryland law does not specify the payday loan term.

Extensions:
Similarly, payday loan extensions are not specified under Maryland law.

Fees and charges:
These are not specified by Maryland law.

Fee schedules and APR:
Maryland's small loan law controls governs payday loan fee schedules and APR.

 
Payday Lender Directory
Business: Hilltop Check Cashing Co
Address: 5429 Reisterstown Rd
City: Baltimore
State: MD
Zip: 21215
Phone: 410-358-6700

Business: Cater To You Care
Address: 3520 Rhom Rd
City: Baltimore
State: MD
Zip: 21207
Phone: 410-265-1176

Business: Snyder Investments
Address: 5302 Sharps Point Rd
City: Salisbury
State: MD
Zip: 21801
Phone: 410-742-1500

Business: Belair Ez Check Cashing
Address: 208 Baltimore Pike
City: Bel Air
State: MD
Zip: 21014
Phone: 410-420-9870

Business: Germantown Check Cashing
Address: 12837 Wisteria Dr
City: Germantown
State: MD
Zip: 20874
Phone: 301-972-1333

Click here for more Maryland payday lenders and cash advance companies.
 
 
Debt Management Directory
Business: Mercantile Southern Md Bnk
Address: 2595 Crain Hwy
City: Waldorf
State: MD
Zip: 20601
Phone: 301-645-6700

Business: E Z Home Mortgage
Address: 11865 Federal Sq Ste 203
City: Waldorf
State: MD
Zip: 20602
Phone: 301-638-9211

Business: Residential Lending
Address: 9320 Annapolis Rd Ste 320
City: Lanham
State: MD
Zip: 20706
Phone: 301-389-1105

Business: C F I C Home Mortgage
Address: 13 C St
City: Laurel
State: MD
Zip: 20707
Phone: 301-483-9799

Business: Tax Time Services
Address: 11935 Six Gun Cir
City: Lusby
State: MD
Zip: 20657
Phone: 410-326-0766

Click here for more Maryland credit companies and debt management services.
 

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