Hurlock at a glance
- Population: 2,085 (US Census Bureau, Vintage 2023 subcounty estimate), the 73rd-largest of 157 places in Maryland.
- 2020 Census base: the 2020 count put the population at 2,070 (US Census Bureau).
- 2020 to 2023 change: an increase of about 0.7% since the 2020 count (US Census Bureau).
- Rank among Maryland places: 73rd out of 157 Census places (US Census Bureau).
- Size percentile: about 54% of places in Maryland are smaller (US Census Bureau).
- Coordinates: 38.6257, -75.8672 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Federalsburg, MD (7 mi); Cambridge, MD (12 mi); Seaford, DE (14 mi); Easton, MD (15 mi); Bridgeville, DE (16 mi); US Census Bureau population estimates.
- Smaller places close by: East New Market, MD (4 mi); Secretary, MD (4 mi); Eldorado, MD (5 mi) (US Census Bureau).
What a personal loan costs in Hurlock
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Maryland lending rules that apply in Hurlock
The table lists the Maryland rules that apply to a loan made in Hurlock, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Regulated as consumer loans: licensing and statutory interest-rate limits apply to payday-style loans (OFR) Source says: "they are prohibited from charging or receiving an interest rate that is greater than authorized by the laws of this State" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender license required to make loans under the Maryland Consumer Loan Law (Com. Law § 12-301 et seq.) Source says: "A Consumer Lender is a business that makes any loan or advance of money or credit under the Maryland Consumer Loan Law" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| State lending regulator | Office of Financial Regulation; Commissioner of Financial Regulation (Maryland Department of Labor) Source says: "is Maryland's consumer financial protection agency and financial services regulator" | Maryland Department of Labor as of 2026-09-16 |
| OFR consumer-loan interest-rate limits | 2.75%/month (33%/yr) on the first $1,000 of a loan ≤$2,000; 2%/month (24%/yr) thereafter and on loans over $2,000 Source says: "Maximum interest rate allowed by law is 2.75% per month or an annual interest rate of 33%" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 24% per year effective simple interest for qualifying loans (Md. Code Com. Law § 12-103(c)); otherwise 8% (written agreement) or 18% Source says: "a lender may charge an effective rate of simple interest not in excess of 24 percent per year on the unpaid principal balance" | Maryland General Assembly as of 2026-09-16 |
How to compare offers in Hurlock
These steps are the ones that most affect the offer you receive in Hurlock:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Maryland using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.