{"data":{"id":"us-md/md.-code-commercial-law-12-1013.1","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 12–1013.1","heading":"","body":"(a) (1) On or after October 1, 1993, a credit grantor may at its option elect to make a loan to any borrower either pursuant to this subtitle or as otherwise permitted by applicable law.\n(2) In order to make a loan under this subtitle, a credit grantor shall make a written election to that effect in the agreement, note, or other evidence of the loan.\n(b) (1) If a credit grantor elects in accordance with this section to make a loan under this subtitle, the provisions of Subtitle 1, 3, 4, 5, 6, or 9 of this title do not apply to the loan.\n(2) If a person fails to elect in accordance with this section to extend closed end credit under this subtitle, the provisions of this subtitle do not apply.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=12-1013.1","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"3c32d711e223e3f734f5b9fad8210ea560e98d82277c3faff39761233d61f9d5","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-12-1013","next":"us-md/md.-code-commercial-law-12-1013.2"},"notice":"GroundRules: Original legal text. Not legal advice."}