Maryland § 12-318
Full text of Maryland Maryland Code § 12-318, with citation guidance and answers to common questions.
§ 12-318.
(a) A lender who gives consumers an option to provide the lender a tip shall:
(1) Disclose to the consumer to whom the tip will be allocated; and
(2) Set the default tip at zero.
(b) A lender may not directly or indirectly suggest that providing a tip will influence:
(1) The lender’s willingness to provide a loan to a consumer at any time; or
(2) The terms of any loan offered to the consumer by that lender.
(c) A lender who receives a tip that would otherwise create a rate of interest above that allowed under this subtitle may not be found in violation of this subtitle if the lender returns all of the tip or that portion of the tip necessary to reduce the rate of interest to an amount allowed under this subtitle within 30 calendar days after receiving the tip.
(d) A lender shall prominently disclose that:
(1) Providing a tip does not influence the lender’s willingness to provide a loan to the consumer at any time; and
(2) Any tip paid by the consumer does not inure to the direct benefit of any specific employee of the lender or any other individual.
Frequently Asked Questions About Maryland § 12-318
What does Maryland Code § 12-318 cover?
Section 12-318 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 § 12-318?
A common citation format is "Maryland Code § 12-318" (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 § 12-318 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.