Car Title Loans in Maryland2026 Guide
Car title loans are prohibited in Maryland under state usury laws (Md. Code, Com. Law § 12-101). Learn interest rate caps, consumer rights, and legal loan options in 2026.
Legal Status & Regulations
Governing Law
Md. Code, Com. Law § 12-101
Last Reviewed: April 2026
Law Summary
High-cost title lending is illegal in Maryland under Commercial Law Code Ann. § 12-101 et seq., enforced by the Commissioner of Financial Regulation. Maryland usury laws prohibit lenders from taking vehicle titles as security for loans exceeding statutory rate caps.
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
Ready to Apply in Maryland?
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Title Loans Union Editorial Team
Loan Regulations & Guides
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
MD Commissioner of Financial Regulation