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Maryland STATE HIGH COST/PREDATORY LENDING REGULATIONS Last Updated: May 2016 LAW: Code of Maryland Regulations Chapter 9.02 updated 2/2009 and Maryland Commercial Law Title 12, Section 12124.1 LOAN

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What is state high cost predatory lending?

State high cost predatory lending refers to lending practices that target vulnerable and low-income borrowers with exorbitant fees and interest rates.

Who is required to file state high cost predatory lending?

Lenders and financial institutions are required to file state high cost predatory lending.

How to fill out state high cost predatory lending?

State high cost predatory lending is typically filled out using a standardized form provided by the state regulatory agency.

What is the purpose of state high cost predatory lending?

The purpose of state high cost predatory lending is to protect consumers from abusive lending practices and prevent financial harm.

What information must be reported on state high cost predatory lending?

Information such as loan amounts, interest rates, fees, and borrower demographics must be reported on state high cost predatory lending.

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