Section 14-4201 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Commissioner” means the Commissioner of Financial Regulation in the Maryland Department of Labor. (c) “Consumer borrower” means an individual receiving a loan or other extension of credit for personal, household, or family purposes. (d) “Mobile home” has the meaning stated in § 11–501 of the Financial Institutions […]
Section 14-3806 – Prohibited Acts by Facilitator
(a) A facilitator may not: (1) Require a consumer to enter into a loan agreement in order to complete a tax return; (2) Charge any fee to a consumer or require any other consideration for making or facilitating a refund anticipation loan or refund anticipation check other than the fee imposed by the creditor or other person that […]
Section 14-4202 – Duty of Good Faith and Fair Dealing With Prospective Borrower
(a) In this section, “steer” means, in connection with a consumer credit transaction secured by a mobile home, to direct a prospective consumer borrower to complete a transaction in any way based on the fact that a mobile home retailer will receive compensation, directly or indirectly, from a lender or credit grantor that is in excess […]
Section 14-3807 – Violations; Penalties; Liabilities
(a) A violation of this subtitle is: (1) An unfair or deceptive trade practice within the meaning of Title 13 of this article; and (2) Subject to the enforcement and penalty provisions contained in Title 13 of this article. (b) In addition to the remedies provided under Title 13 of this article, a facilitator who willfully fails to comply […]
Section 14-4203 – Statement Provided by Mobile Home Retailer
(a) (1) The statement required under § 14–4202(b)(3) of this subtitle shall be on a form prescribed by the Commissioner by regulation. (2) If the form prescribed by the Commissioner is included in other documents provided by the mobile home retailer to a prospective consumer borrower, the form shall be conspicuous, such as through the use of a […]
Section 14-3901 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Arbitration activity” means the initiation, conduct, sponsorship, or administration of, or the appointment of an arbitrator in, a consumer arbitration. (c) “Arbitration organization” means a nongovernmental association, agency, board, commission, corporation, or other entity that performs arbitration activities. (d) “Consumer” means an individual who is: (1) A resident […]
Section 14-4204 – Transaction Valid Despite Noncompliance
Failure of a mobile home retailer to comply with this subtitle does not affect the validity of an otherwise valid financing transaction.
Section 14-3902 – Applicability of Subtitle
This subtitle applies to an arbitration organization that performs an arbitration activity related to 50 or more consumer arbitrations during a 5–year period.
Section 14-3903 – Information Regarding Consumer Arbitration
(a) An arbitration organization subject to this subtitle shall collect, publish, and make available to the public the following information regarding each consumer arbitration for which it performed an arbitration activity during the preceding 5–year period: (1) If the nonconsumer party is a corporation or other business entity, the name of that party; (2) Whether the dispute involved […]
Section 14-3904 – Information to Be Used in Determination of Unenforceability of Consumer Arbitration Agreement
The information provided by an arbitration organization under § 14–3903 of this subtitle may be considered in determining whether a consumer arbitration agreement is unconscionable or otherwise unenforceable under law.