Maryland is one of the few states in America that have very strict regulations when it comes to payday lending.
Consumer loans, including personal loans, payday loans and cash advances, are legal and governed by the Maryland Office of the Commissioner of Financial Regulation. However, the state has set limits on the interest rate that lenders operating in Maryland can charge their borrowers. Loans greater than $2,000 but under $6,000 have a maximum allowed rate of 24%. Loans less than $2,000, which includes most payday loans, have a maximum allowed rate up to 33%.
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Maryland is a state in the mid-Atlantic region of the United States of America. It is on the south east of the East Coast. Its capital is Annapolis, and its biggest city is Baltimore.
The state bird is the Baltimore Oriole, which is no longer found in Maryland. The state flower is the Black-eyed Susan (Rudbeckia hirta). The state reptile is the diamondback terrapin. The state crustacean is the blue crab. The state motto is Fatti maschii, parole femine, which is Italian for "Manly deeds, womanly words". Maryland is the only state with a motto in Italian.
Baltimore, the largest city in Maryland, is a major city that is home to the National Aquarium, Fort McHenry, and the Camden Yards baseball park. Annapolis is very famous for being the home of the United States Naval Academy, one of the flagship service academies in the United States. Silver Spring, Bethesda, Gaithersburg, Rockville, Frederick, Hagerstown, Cumberland, Salisbury, Greenbelt are other cities.