Maryland Code, Commercial Law § 12-114.1

(2)(i) “Covered loan” means a loan subject to § 12-103(a)(3) or (c) of this subtitle, made for personal, family, or household purposes, regardless of whether the loan is or purports to be made under this subtitle.

(ii) “Covered loan” does not include:

(i) Licensed in the State to make a covered loan; and

(ii) Exempt from licensing in the State.

(2)(i) Except as provided in subparagraph (ii) of this paragraph, a covered loan is void and unenforceable if a person contracts for a covered loan that has a rate of interest, charge, discount, or other consideration greater than the amount authorized under State law.

(ii) A covered loan is not void and unenforceable if:

(i) Collect or attempt to collect, directly or indirectly, any amount from the borrower;

(ii) Enforce or attempt to enforce the contract against any property securing the loan; or

(iii) Sell, assign, or otherwise transfer the loan to another person.