Md. Code, Com. § 12-112 : COMMERCIAL LAW — CREDIT REGULATIONS — INTEREST AND USURY —112 - Usury not available against bona fide assignee

(a) This section does not apply to a loan subject to § 12-114.1 of this subtitle.
(b) A claim or plea of usury is not available against a legal or equitable assignee, endorsee, or transferee of any bond, draft, mortgage, deed of trust, security agreement, promissory note, or other instrument or evidence of indebtedness, if he receives it for a bona fide and legal consideration without notice of any usury in its creation or subsequent assignment.

Md. Code, CL § 12-112

Amended by 2018 Md. Laws, Ch. 790,Sec. 1, eff. 1/1/2019.
Amended by 2018 Md. Laws, Ch. 732,Sec. 2, eff. 1/1/2019.
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