(a) In this subtitle the following words have the meanings indicated. (b) “Consumer” means an individual who, individually or in conjunction with another individual, is solicited for, applies for, or receives a refund anticipation loan or refund anticipation check. (c) “Creditor” means a person who makes a refund anticipation loan or who takes an assignment of a refund […]
Unless the facilitator has complied with this subtitle, a facilitator, or an officer, agent, employee, or representative of a facilitator, individually or in conjunction or cooperation with another person, may not: (1) Solicit the execution of, process, receive, or accept an application or agreement for a refund anticipation loan or refund anticipation check; or (2) Facilitate the […]
(a) A facilitator shall display, in a prominent place at each business location of the facilitator, a schedule of the fees charged for facilitating refund anticipation loans and refund anticipation checks. (b) A facilitator shall include on each fee schedule the following: (1) Examples of the annual percentage rate charged for refund anticipation loans in the amounts of: […]
(a) At the time a consumer applies through a facilitator for a refund anticipation loan, the facilitator shall disclose to the consumer, on a form that is separate from the application, in 14 point type, the following: (1) The fee for the refund anticipation loan, including any fee for tax preparation or other fees charged to the […]
(a) At the time a consumer applies through a facilitator for a refund anticipation loan, the facilitator orally shall inform the consumer: (1) That the product is a loan that lasts 1 to 2 weeks; (2) That if the consumer’s tax refund is less than expected, the consumer is liable for the full amount of the refund anticipation […]
(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 […]
(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 […]
