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MDLast updated: 2026-01
Maryland Regulations
Comprehensive guide to seller financing laws, usury limits, and disclosure requirements in Maryland.
Maximum Interest Rate
24%
Business exemptions may apply
Usury Laws
Interest rate limits and penalties
Maximum Rate
24%
Penalty Type
Forfeiture of interest
Notes
General limit is 24% for consumer loans. First mortgages exempt from usury laws.
Business Exemption
Business loans over $15,000 are exempt.
Seller Financing Requirements
Disclosures, licensing, and restrictions
Required Disclosures
- Residential Property Disclosure and Disclaimer Statement
- Lead-based paint disclosure (pre-1978)
- Ground rent disclosure if applicable
Licensing Required
No license required
No license required for seller financing own property.
Consumer Protection
Applicable laws protecting buyers
- Maryland Consumer Protection Act
Real Estate Specifics
Foreclosure process and property laws
- Both mortgage and deed of trust used
- Non-judicial foreclosure with court supervision
- No statutory redemption after sale
Legal Disclaimer
This information about Maryland regulations is provided for educational purposes only and does not constitute legal or tax advice. Laws change frequently and vary by county and municipality. Always verify current regulations with a licensed Maryland attorney before entering into any seller financing arrangement.