Maryland § 27-901
Full text of Maryland Maryland Code § 27-901, with citation guidance and answers to common questions.
§ 27-901.
(a) (1) In this section the following words have the meanings indicated.
(2) “Credit life or disability insurance” means a type of insurance that will pay all or part of an individual’s debt on the death or disability of the individual.
(3) “Finance charge” has the meaning stated in § 12-501 of the Commercial Law Article.
(4) “Retail credit account” has the meaning stated in § 12-501 of the Commercial Law Article.
(b) A person may not make, issue, charge, or cause to be made, issued, or charged to an individual any type of premium for credit life or disability insurance without the express written consent of the individual.
(c) The computation of a finance charge in a retail credit account may not be based in any part on the premiums due under a policy of credit life or disability insurance.
Frequently Asked Questions About Maryland § 27-901
What does Maryland Code § 27-901 cover?
Section 27-901 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 27-901?
A common citation format is "Maryland Code § 27-901" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 27-901 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.