On May 15, 2018 Gov. Larry Hogan (R) passed into law MD SB 1068 (2018) which, among other provisions, exempts certain loans from the provisions of Subtitle 1, Title 12 of Maryland’s Commercial Law, if such loans are declared to be made pursuant to certain other laws (see http://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=billpage&stab=01&id=sb1068&tab=subject3&ys=2018RS). The effective date of the changes in this bill are October 1, 2018 and January 1, 2019.
We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (https://compliance.docutech.com/).