Section 14-1806 – Other Remedies Not Limited
Nothing in this subtitle shall limit any remedies otherwise available under Maryland law.
Section 14-1901 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Commissioner” means the Commissioner of Financial Regulation of the Maryland Department of Labor. (c) “Consumer” means any individual who is solicited to purchase or who purchases for personal, family, or household purposes the services of a credit services business. (d) “Consumer reporting agency”, “consumer report”, “investigative consumer […]
Section 14-1902 – Duties
A credit services business, its employees, and independent contractors who sell or attempt to sell the services of a credit services business shall not: (1) Receive any money or other valuable consideration from the consumer, unless the credit services business has secured from the Commissioner a license under Title 11, Subtitle 3 of the Financial Institutions […]
Section 14-1903 – Application of Subtitle; Licenses
(a) Notwithstanding any election of law or designation of situs in any contract, this subtitle applies to any contract for credit services if: (1) The credit services business offers or agrees to sell, provide, or perform any services to a resident of this State; (2) A resident of this State accepts or makes the offer in this State […]
Section 14-1903.1 – Advertisements of Credit Services Business
A person who advertises a service described in § 14-1901(e)(1) of this subtitle, whether or not a credit services business, shall clearly and conspicuously state in each advertisement the number of: (1) The license issued under § 14-1903 of this subtitle; or (2) If not required to be licensed, the exemption provided by the Commissioner.
Section 14-1701 – Definitions
(a) In this subtitle the following terms have the meanings indicated. (b) (1) “Adverse action” means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested. (2) “Adverse action” does not include a refusal to extend additional […]
Section 14-1904 – Information Statement
(a) This section does not apply to a credit services business providing the services described in § 14–1901(e)(1)(ii) of this subtitle. (b) Before either the execution of a contract or agreement between a consumer and a credit services business or the receipt by the credit services business of any money or other valuable consideration, the credit services […]
Section 14-1702 – Notice of Action Upon Application for Credit
(a) Notwithstanding any other provision of this article, within 30 days after receipt of a completed application for credit, a lender or credit grantor shall notify the applicant of its action on the application. (b) Notwithstanding any other provision of this article, if the lender or credit grantor has acted adversely against or denied an application for […]
Section 14-1905 – Information to Be Included in Information Statement
(a) The information statement required under § 14-1904 of this subtitle shall include: (1) An accurate statement of the consumer’s right to review any file on the consumer maintained by any consumer reporting agency, and the right of the consumer to receive a copy of a consumer report containing all information in that file as provided under […]
Section 14-1703 – Contents of Statement — in General
The written statement required by § 14-1702 of this subtitle shall disclose to the applicant: (1) The applicant’s right to a statement of reasons within 30 days after receipt by the lender or credit grantor of a request made within 60 days after notification, made under § 14-1702(a) of this subtitle; (2) The identity of the person […]