Section 12-808 – Circumstances Under Which Broker May Not Collect Fee
A licensed real estate broker, insurer, salesman, attorney-at-law, or agent thereof who arranges or procures a mortgage may not collect a finder’s fee if, in addition to acting as broker under this subtitle, he is also acting as a real estate broker, insurer, salesman, attorney-at-law, or agent thereof in connection with the subject property or […]
Section 12-809 – Circumventing 12-108
The provisions of this subtitle may not be used to circumvent the provisions of § 12–108 of this title.
Section 12-901 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Borrower” means a corporation, partnership, association, government or governmental subdivision or agency, trust, individual, or other entity receiving a loan or other extension of credit under this subtitle. (c) “Commercial loan” and “extension of credit for a commercial purpose” mean an extension of credit made: (1) Solely […]
Section 12-703 – Jurisdiction of Commissioner of Financial Regulation
(a) If a complaint for violation of any provisions of this subtitle is filed with the Commissioner, the Commissioner shall investigate the complaint and may hold a hearing on it in accordance with the Administrative Procedure Act. (b) The Commissioner shall give to the creditor complained against at least 10 days’ written notice of the complaint and […]
Section 12-704 – Discrimination Prohibited; Compliance With or Violation of Federal Equal Credit Opportunity Act
With respect to any aspect of a credit transaction: (1) A creditor may not discriminate against any applicant on the basis of sex, marital status, race, color, religion, national origin, or age; (2) A creditor that complies with the applicable provisions of the federal Equal Credit Opportunity Act, or regulations adopted under the federal Equal Credit Opportunity […]
Section 12-705 – “Discriminatory Practices” Defined
Prohibited discriminatory practices include any: (1) Refusal to consider both applicants’ income when both parties of a marriage party apply for a joint account; (2) Refusal to consider alimony or child support awarded by a court and received by the applicant as a valid source of income, where that source can be verified as to its amount, […]
Section 12-626 – Repossession — Resale of Goods
(a) Subject to the provisions of subsection (b) of this section, the holder shall sell any repossessed goods at public auction if the buyer: (1) Has paid at least 50 percent of the cash price of the goods; and (2) Within the 15-day period provided for in § 12-625(a) of this subtitle, requests sale of the goods in […]
Section 12-706 – Administration of Subtitle
The provisions of this subtitle shall be administered by the Commissioner.
Section 12-627 – Repossession — Discharge of Agreement in Absence of Resale
If there is no resale of repossessed goods under § 12-626 of this subtitle, all obligations of the buyer under the agreement shall be discharged, and the holder may retain the goods as his own property without obligation to account to the buyer.
Section 12-707 – Civil Liability
(a) Notwithstanding the provisions of § 12–703 of this subtitle, any creditor who violates any provisions of this subtitle is liable to the applicant in an amount equal to the sum of any actual damages sustained by the applicant acting either in an individual capacity or as a representative of a class. (b) Any creditor who fails […]