Maryland § 2-113.1
Full text of Maryland Maryland Code § 2-113.1, with citation guidance and answers to common questions.
§ 2-113.1.
(a) A regulated person, as defined in § 2–117 of this subtitle, may not:
(1) Issue an advertisement or make a representation that is false, misleading, or deceptive;
(2) Impose, as a condition for a loan, a restriction on obtaining credit, property, or service from a competitor unless the restriction is reasonably necessary to secure the loan;
(3) Impose, as a condition for a service, a restriction on obtaining credit, property, or service from a competitor; or
(4) Engage in an act or a practice that is anticompetitive, unfair, deceptive, abusive, or injurious to the public interest.
(b) The Commissioner may further define specific acts or practices that are anticompetitive, unfair, deceptive, abusive, or injurious to the public interest.
(c) Notwithstanding § 2–113(d) of this subtitle, a financial institution or a subsidiary or an affiliate of a financial institution is subject to this section whenever the financial institution or subsidiary or affiliate engages in activity:
(1) For which it maintains or is required to maintain a license or registration issued by the Commissioner or the State Collection Agency Licensing Board; or
(2) Subject to a provision of law, regulation, rule, or order over which the Commissioner has jurisdiction, other than activity subject to any of Titles 3 through 9 of this article.
Frequently Asked Questions About Maryland § 2-113.1
What does Maryland Code § 2-113.1 cover?
Section 2-113.1 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 § 2-113.1?
A common citation format is "Maryland Code § 2-113.1" (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 § 2-113.1 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.