Car Title Loans in Maryland2026 Guide
Maryland does not permit title lending.
Legal Status & Regulations
Governing Law
Md. Code, Com. Law § 12-101
Last Reviewed: April 2026
Law Summary
Maryland prohibits title lending through strict usury laws (Md. Code, Com. Law § 12-101). The state does not allow vehicle titles to be used as security for high-interest, short-term loans. Lenders are prohibited from charging interest rates that exceed the state's cap for consumer loans, which effectively prevents the title loan industry from operating within Maryland and protects residents from high-cost debt.
Real Rate Example in Maryland
A $1,500 loan in Maryland at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
MD Commissioner of Financial Regulation