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Current as of January 01, 2025 | Updated by Findlaw Staff
A seller or holder may not enter into a closed end retail credit account agreement, providing for an initial rate of finance charge pursuant to § 12-505(a)(3) of this subtitle, which contains a provision that permits the seller or holder to increase or decrease the applicable rate of finance charge from time to time during the term of the account.
Cite this article: FindLaw.com - Maryland Code, Commercial Law § 12-505.2 - last updated January 01, 2025 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-12-505-2/
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