{"data":{"id":"us-md/md.-code-financial-institutions-9-407","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 9–407","heading":"","body":"(a) As to any savings account that has a withdrawal value of less than $25, a savings and loan association:\n(1) Need not pay a dividend or interest on the account; and\n(2) May not charge a penalty or service charge.\n(b) This section does not apply to a negotiable or transferable order of withdrawal account.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=9-407","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"3ffa3e07594c1d9a6c2ed8b4498607acc35312a7e2ab743c8a172cf8bc9fc33c","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-9-406","next":"us-md/md.-code-financial-institutions-9-408"},"notice":"GroundRules: Original legal text. Not legal advice."}