APPENDIX IV.

The Maryland Law.    Chapter 208 of the Laws of 1902 :

AN ACT regulating the loan of money, when, as security for such loan,,
a lien is taken upon household furniture and effects, musical in¬
struments, typewriters and sewing machines, in use or located in
any dwelling house, by repealing and re-enacting with amend¬
ments Section 7 of Article 49, of Code of Public General Laws, title
"Interest and Usury," as the same was re-enacted by Chapter 404
of the Acts of the General Assembly of Maryland, passed at its
January session in the year 1900.

Section 1. Be It Enacted by the General Assembly of Maryland,
that Section 7 of Article 49, of the Code of Public General Laws, title
"Interest and Usury," as the same was enacted by Chapter 404, of the
Acts of the General Assembly of Maryland, passed at its January
session in the year 1900, be and the same is hereby repealed and re-
enacted, so as to read as follows:

Section 7. It shall not be lawful for any individual, partnership,
association or corporation lending money within the limits of this
State, and taking as security for the repayment thereof, a lien upon
any household furniture and effects, musical instruments, typewriters
and sewing machines or any other personal chattels, whether such
lien shall be in the nature of a conditional sale, chattel mortgage, bill
of sale, whether recorded or unrecorded, or any other lien of any
character whatsoever, to have or charge for the use of money so loaned
more than the lawful rate of interest thereon, as fixed by the provisions
of Section 57 of Article 3 of the Constitution of the State of Maryland,
and that no additional sums either in the way of bonus or otherwise,
shall be required or exacted of the borrower or borrowers; and further,
that no charges for examination or valuation of property offered, in¬
surance of same, and preparation, execution and recording of neces¬
sary papers shall be imposed, except as follows: For examination or
valuation of property offered for security for loan and preparation of
papers (both included), the sum of five dollars, where the amount
loaned does not exceed fifty dollars; six dollars where the amount ex¬
ceeds fifty dollars and equals one hundred dollars or less; and five
per centum additional of the excess over one hundred dollars, where
the amount loaned exceeds one hundred dollars and equals one thou¬
sand dollars or less; and two and one-half per centum additional of
the excess over one thousand dollars where the amount loaned exceeds
one thousand dollars;  for necessary affidavits, recording papers, rev--