Section 14-2007 – Liability; Attorney’s Fees; Unfair and Deceptive Trade Practice; Investigation and Hearing by Commissioner; Notice of Error or Violation
(a) Except as otherwise provided in this subtitle, a lessor who fails to comply with any requirement imposed by this subtitle with respect to a person shall be liable to the person for: (1) Any actual damage sustained by the person as a result of the failure; and (2) An amount equal to 25% of the total amount […]
Section 14-1908 – Surety Bonds — Requirement
A credit services business is required to obtain a surety bond pursuant to Title 11, Subtitle 3 of the Financial Institutions Article.
Section 14-2008 – Repossession of Leased Motor Vehicle — in General
(a) (1) A lessor may repossess a leased motor vehicle if the lessee is in default or a law enforcement agency has seized the motor vehicle and will not unconditionally return the motor vehicle to the lessor. (2) The lessor may repossess the leased motor vehicle from a lessee only by: (i) Legal process; or (ii) Self-help, without use of […]
Section 14-1909 – Surety Bonds — Issuance
The surety bond shall be issued by a surety company authorized to do business in this State.
Section 14-2009 – Repossession of Leased Motor Vehicle — Sale
(a) This section applies if the lease provides that the motor vehicle is to be sold after repossession and the lessee is to be responsible for any deficiency arising from the sale of the motor vehicle. (b) (1) The lessor shall sell the motor vehicle that was repossessed at: (i) Subject to subsection (c) of this section, a private […]
Section 14-1910 – Surety Bonds — Claims Against
(a) Any person claiming against the surety bond for a violation of this subtitle may maintain an action against the credit services business and against the surety. (b) The surety shall be liable only for actual damages and not for the punitive damages permitted under § 14-1912 of this subtitle. (c) The aggregate liability of the surety to […]
Section 14-2010 – Penalties or Charges in Event of Early Termination or Default
Any penalties or charges set forth in the lease or claimed by the lessor in the event of early termination or default must comply with the standards set forth in the Consumer Leasing Act.
Section 14-1911 – Complaints
(a) Any consumer who has reason to believe that this subtitle has been violated by any credit services business or by any other person may file a written complaint setting forth the details of the alleged violation with the Commissioner. (b) After receiving the complaint, the Commissioner may inspect the pertinent books, records, letters and contracts of […]
Section 14-2101 – Collision Damage Waivers for Rental Motor Vehicles
(a) (1) In this section the following words have the meanings indicated. (2) “Car sharing period” has the meaning stated in § 19–520 of the Insurance Article. (3) “Collision damage waiver” means: (i) With respect to a rental agreement, any contract, whether separate from or part of a rental agreement, in which the lessor agrees, for a charge, to waive […]
Section 14-1912 – Failure to Comply With Requirements
(a) Any credit services business which willfully fails to comply with any requirement imposed under this subtitle with respect to any consumer is liable to that consumer in an amount equal to the sum of: (1) Any actual damages sustained by the consumer as a result of the failure; (2) A monetary award equal to 3 times the […]