{"data":{"id":"us-md/md.-code-commercial-law-12-913.1","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 12–913.1","heading":"","body":"(a) (1) On or after October 1, 1993, a credit grantor may at its option elect to offer a plan to any borrower either pursuant to this subtitle or as otherwise permitted by applicable law.\n(2) In order for a plan to be established under and governed by this subtitle, a credit grantor shall make a written election to that effect in the agreement governing the plan.\n(b) (1) If a credit grantor elects in accordance with this section to establish a plan under this subtitle, the provisions of Subtitle 1, 3, 4, 5, 6, or 10 of this title do not apply to the plan.\n(2) If a person fails to elect in accordance with this section to establish a plan under this subtitle, the provisions of this subtitle do not apply.\n(c) Notwithstanding any other provision of this title, a loan shall be subject to the provisions of this subtitle, whether or not elected, if the loan:\n(1) Is a shared appreciation agreement; and\n(2) Allows the borrower to repay advances and have any repaid amounts subsequently readvanced to the borrower.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=12-913.1","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"c3ab605ed6b69afb9efe757d9f4bf172e8f47c99ad4c28ca86837381796726a9","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-12-913","next":"us-md/md.-code-commercial-law-12-913.2"},"notice":"GroundRules: Original legal text. Not legal advice."}