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✓ Legal & RegulatedReviewed: Aug 2025

MarylandLoan Laws & Regulations

Official regulatory reference for borrowers and lenders in Maryland. Includes permitted loan types, APR caps, lender licensing requirements, borrower rights, and government source links.

Max Loan
$5,000
Typical APR
33% APR
Max Term
36 months
Legal Status
Restricted
Payday LoansPersonal LoansCash AdvanceInstallment LoansBad Credit LoansSame-Day LoansNo Credit Check Loans

Maryland Lending Regulator

Primary Regulator
Maryland Commissioner of Financial Regulation
https://www.dllr.state.md.us/finance/

The Maryland Commissioner of Financial Regulation oversees consumer lending in Maryland, including licensing, enforcement, and consumer complaint resolution. Before borrowing from any lender, verify their license using the official regulator lookup tool linked above.

Regulatory Details

Detailed regulatory data for Maryland is sourced directly from the Maryland Commissioner of Financial Regulation. For the most current requirements, visit: https://www.dllr.state.md.us/finance/

Current Overview

Maryland restricted lending with a 33% APR cap. Safe personal loans available in Baltimore and DC suburbs.

Legal Status: Restricted · APR Range: 33% APR · Max Amount: $5,000

Maryland Lending FAQ

Are payday loans legal in Maryland?▼
Yes. Payday loans are legal and regulated in Maryland under the oversight of the Maryland Commissioner of Financial Regulation. Current APR range: 33% APR. Maximum loan: $5,000.
What is the maximum payday loan I can get in Maryland?▼
The maximum short-term loan amount in Maryland is $5,000. A $2,000 personal loan for 12 months in MD costs approximately $368 in interest at 33% APR.
Who regulates payday lenders in Maryland?▼
The Maryland Commissioner of Financial Regulation is the primary state regulator. You can verify any lender's license at https://www.dllr.state.md.us/finance/. Unlicensed lenders operating in Maryland are illegal — always verify before borrowing.
What are the alternatives to payday loans in Maryland?▼
Consider credit union PAL (Payday Alternative Loan) programs, licensed personal loan lenders, or non-profit credit counseling services in Maryland.