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 14-1904 – 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 14-1905 – 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 14-1906 – Contract With Consumer
(a) Every contract between a consumer and a credit services business for the purchase of the services of the credit services business shall: (1) Be in writing, dated, and signed by the consumer; (2) For a credit services business providing the services described in § 14–1901(e)(1)(i) of this subtitle, include: (i) A conspicuous statement in size equal to at […]
Section 14-1907 – Violations; Void Contracts; Waivers; Burden of Proof
(a) Any breach by a credit services business of a contract under this subtitle, or of any obligation arising under it, shall constitute a violation of this subtitle. (b) Any contract for services from a credit services business that does not comply with the applicable provisions of this subtitle shall be void and unenforceable as contrary to […]