(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 […]
(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 […]
(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 […]
Failure of a mobile home retailer to comply with this subtitle does not affect the validity of an otherwise valid financing transaction.
The Commissioner may enforce this subtitle by exercising any of the powers authorized under §§ 2–113 through 2–116 of the Financial Institutions Article.
