Payday Loans in Maryland
Payday loans are illegal in Maryland. All lenders are required to be licensed in the state of Maryland, and there are strict limits on interest rates, with a maximum of 33% APR allowed on any loan.
Legal Framework for Payday Lending in Maryland
Regulating the fine line of payday lending in Maryland is the Maryland Commercial Law.
We at PayDayAllDay strongly suggest our consumers to do their research, and carefully analyze and compare the terms of services, rates, fees, and other conditions offered by several lenders before engaging in any borrowing activity.