reglab/housing_qa huggingface dataset:
MD. Commercial Law Code Ann. §  12-908 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-908 - Deferral of Scheduled Payments; Deferral Charge

    A credit grantor may at any time allow a borrower under a revolving credit plan to defer scheduled payments and charge the borrower a deferral charge agreed to by the credit grantor and the borrower.
MD. Commercial Law Code Ann. §  12-909 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-909 - Insurance Generally

    (a)    In connection with a plan established for a consumer borrower:        (1)    The purchase of credit life, credit accident and health, credit disability, involuntary unemployment benefit, and similar coverages is optional with the consumer borrower; and        (2)    Subject to § 12-909.1 of this subtitle, the purchase of property insurance, title insurance, and credit loss insurance from an insurer of the borrower’s choice may be required if the loan is secured.    (b)    The provisions of this section do not alter or modify rights, privileges, or restrictions heretofore existing between the credit grantor and a nonconsumer borrower.    (c)    Premiums for any insurance coverage permitted by this section are not interest or finance charges under the plan.    (d)    The offering and placement of insurance under this section shall be subject to the provisions of the Insurance Article.    (e)    (1)    (i)    In this subsection the following words have the meanings indicated.            (ii)    “Improvements” means buildings or structures erected upon or affixed to real property that enhance the value of the real property.            (iii)    “Property insurance coverage” means property insurance against losses caused by perils that commonly are covered in insurance policies described with terms similar to “standard fire” or “standard fire with extended coverage”.            (iv)    1.    “Replacement cost” means the amount needed to repair damage to or rebuild improvements on real property to restore the improvements to their pre-loss condition.                2.    “Replacement cost” does not include the value of land.        (2)    (i)    A credit grantor may not require a borrower, as a condition to receiving or maintaining a loan secured by a lien, to provide or purchase property insurance coverage against risks to any improvements on any real property in an amount exceeding the replacement cost of the improvements on the real property.            (ii)    In determining the replacement cost of the improvements on any real property, the credit grantor may:                1.    Accept the value placed on the improvements by the insurer; or                2.    Use the value placed on the improvements by the credit grantor’s appraisal of the improvements.        (3)    A violation of this subsection shall entitle the borrower to:            (i)    Seek an injunction to prohibit the credit grantor who has engaged or is engaging in the violation from continuing or engaging in the violation;            (ii)    Reasonable attorney’s fees; and            (iii)    Damages directly resulting from the violation.        (4)    A violation of this subsection does not affect the validity of the lien securing the loan.
MD. Commercial Law Code Ann. §  12-909.1 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-909.1 - Insurance Binders

    (a)    In this section, “binder” means a binder or other temporary contract of insurance as provided under § 12-106 of the Insurance Article.    (b)    A credit grantor shall comply with this section if the credit grantor:        (1)    Makes any loan secured by a first lien on any interest in owner-occupied residential real property; and        (2)    As a condition of making the loan, requires the consumer borrower to purchase property insurance or credit loss insurance.    (c)    A credit grantor who makes a loan subject to this section shall accept as evidence of insurance a written binder issued by any authorized insurer or its insurance producer if the binder includes or is accompanied by:        (1)    The name and address of the insured consumer borrower;        (2)    The name and address of the credit grantor;        (3)    A description of the insured residential real property;        (4)    A provision that the binder may not be canceled within the term of the binder unless the credit grantor and the insured consumer borrower receive written notice of the cancellation at least 10 days prior to the cancellation;        (5)    Except in the case of the renewal of a policy subsequent to the closing of the loan, a paid receipt for the full amount of the applicable premium; and        (6)    The amount of coverage.    (d)    This section does not prohibit a credit grantor from refusing to honor a binder in cases where:        (1)    The credit grantor receives notice of the cancellation of the binder by the insurer; or        (2)    At the expiration of 30 days of the date the binder was given, the insurer has failed to issue the policy of insurance.
MD. Commercial Law Code Ann. §  12-910 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-910 - Charges for Default or Delinquency

    (a)    If the agreement governing a revolving credit plan permits, a credit grantor may:        (1)    For a nonconsumer borrower, charge a higher periodic percentage rate of interest on outstanding unpaid payments or portions of payments under the plan which are in default; and        (2)    For any borrower, impose:            (i)    A late or delinquency charge on payments or portions of payments; and            (ii)    If payment is made with a check that is dishonored on the second presentment, a charge not to exceed $15.    (b)    (1)    No more than one late or delinquency charge may be imposed for any single scheduled payment or portion regardless of the period during which it remains in default.        (2)    For the purpose of this subsection, all payments by the borrower shall be applied to satisfaction of scheduled payments in the order in which they become due.        (3)    Charges permitted by this section may not be considered interest or finance charges under the plan.
MD. Commercial Law Code Ann. §  12-911 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-911 - Attorney's Fees; Court or Other Collection Costs

    (a)    If a borrower defaults under the terms of a plan and the credit grantor refers the borrower’s account to an attorney who is not a salaried employee of the credit grantor for collection, the credit grantor may, if the agreement governing the revolving credit plan permits, charge and collect from the borrower a reasonable attorney’s fee.    (b)    If the agreement governing the revolving credit plan permits, the credit grantor may recover from the borrower all court or other collection costs actually incurred by the credit grantor relating to the borrower’s default.
MD. Commercial Law Code Ann. §  12-913 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-913 - Applicability of Other Laws

    (a)    Unless otherwise provided under the express terms of the agreement governing a revolving credit plan, the provisions of Subtitle 1, 3, 4, 5, 6, or 10 of this title do not apply to any extension of credit made pursuant to a revolving credit plan if:        (1)    The plan is established before October 1, 1993; and        (2)    The extension of credit is made under this subtitle before October 1, 1993.    (b)    For the purposes of subsection (a) of this section, an extension of credit is made under this subtitle if:        (1)    The credit grantor has made a written election to do so in the agreement governing the plan; or        (2)    The agreement governing the plan is offered pursuant to the provisions of this subtitle.    (c)    For the purposes of subsection (a) of this section, if there is no written election to extend credit under this subtitle in the agreement governing the plan, the burden of proof is on the credit grantor to show the agreement governing the plan was offered pursuant to this subtitle.    (d)    Any plan established before October 1, 1993 is not subject to § 12-913.2 of this subtitle.
MD. Commercial Law Code Ann. §  12-913.1 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-913.1 - Election of Applicable Laws

    (a)    (1)    On or after October 1, 1993, a credit grantor may at its option elect to offer a plan to any borrower either pursuant to this subtitle or as otherwise permitted by applicable law.        (2)    In order for a plan to be established under and governed by this subtitle, a credit grantor shall make a written election to that effect in the agreement governing the plan.    (b)    (1)    If a credit grantor elects in accordance with this section to establish a plan under this subtitle, the provisions of Subtitle 1, 3, 4, 5, 6, or 10 of this title do not apply to the plan.        (2)    If a person fails to elect in accordance with this section to establish a plan under this subtitle, the provisions of this subtitle do not apply.
MD. Commercial Law Code Ann. §  12-913.2 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-913.2 - Delivery of Plan Agreement; Proof of Delivery

    (a)    The credit grantor shall deliver a copy of the agreement governing the plan to the borrower no later than 30 days after the credit grantor establishes the account governed by the agreement for the borrower’s use.    (b)    If there is more than one borrower, a copy of the agreement governing the plan may be delivered to any borrower who is primarily liable on the account.    (c)    Written acknowledgment by a borrower of delivery in accordance with this section of a copy of the agreement governing the plan is conclusive proof of delivery as between the borrower and any assignee of the account established under the plan without actual knowledge to the contrary.
MD. Commercial Law Code Ann. §  12-914 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-914 - General Provisions

    (a)    If any provision of this subtitle is held invalid, the invalidity shall not affect any other provision of this subtitle which can be given effect without the invalid provision.    (b)    Notwithstanding any other provisions of this title, a plan under this subtitle is subject only to the disclosure requirements of this subtitle and, to the extent applicable, of the federal Truth in Lending Act and regulations promulgated thereunder.
MD. Commercial Law Code Ann. §  12-915 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-915 - Applicability of Certain Provisions of Financial Institutions Article; License to Be Issued by Commissioner of Financial Regulation

    (a)    A credit grantor making a loan or extension of credit under this subtitle is subject to the licensing, investigatory, enforcement and penalty provisions of Title 11, Subtitle 3 of the Financial Institutions Article unless the credit grantor or the loan or extension of credit is exempt under Title 11, Subtitle 3 of the Financial Institutions Article.    (b)    In addition to any license which may be required by subsection (a) of this section, a credit grantor making a loan or extension of credit under this subtitle secured by any lien on residential real property is subject to the licensing, investigatory, enforcement and penalty provisions of Title 11, Subtitle 5 of the Financial Institutions Article unless the credit grantor or the loan or extension of credit is exempt under Title 11, Subtitle 5 of the Financial Institutions Article.    (c)    If a license is required by this section, it shall be issued by the Commissioner of Financial Regulation.    (d)    (1)    An extension of credit made under this subtitle prior to October 1, 1994 by a home improvement contractor may not be deemed unenforceable or violative of this section because the contractor was not licensed under Title 11, Subtitle 3 of the Financial Institutions Article.        (2)    Paragraph (1) of this subsection does not apply to any person engaged in the business of making loans at the time the credit was extended.
MD. Commercial Law Code Ann. §  12-917 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-917 - Criminal Penalties

    Any credit grantor or his officer or employee who willfully violates any provision of this subtitle is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $1,000 or imprisonment not exceeding 1 year, or both.
MD. Commercial Law Code Ann. §  12-918 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-918 - Civil Penalties

    (a)    (1)    In this subsection, “notice” means the first to occur of the following:            (i)    When the credit grantor receives a written notice from the borrower notifying the credit grantor of an error or violation;            (ii)    When the credit grantor receives a written notice from the Commissioner of Financial Regulation or the appropriate regulatory authority notifying the credit grantor of an error or violation; or            (iii)    When the credit grantor receives service of process in a civil action for an error or violation instituted by the borrower in a court of competent jurisdiction.        (2)    Except for a bona fide error of computation, if a credit grantor violates any provision of this subtitle the credit grantor may collect only the principal amount of credit extended and may not collect any interest, costs, fees, or other charges with respect to the credit extension.        (3)    The penalty provided under paragraph (2) of this subsection does not apply where a credit grantor:            (i)    Unintentionally and in good faith fails to comply with § 12-903, § 12-904, § 12-905, § 12-910, § 12-911, § 12-913.2, § 12-923(d), or § 12-924 of this subtitle; and            (ii)    Corrects the error or violation and makes the borrower whole for all losses, including reasonable attorney’s fees and interests, where appropriate, within 10 days after the credit grantor receives notice of the error or violation.        (4)    The burden shall be on the credit grantor to show that the credit grantor’s failure to comply with § 12-903, § 12-904, § 12-905, § 12-910, § 12-911, § 12-913.2, § 12-923(d), or § 12-924 of this subtitle was unintentional and in good faith.    (b)    A credit grantor who knowingly violates any provision of this subtitle shall forfeit to the borrower 3 times the amount of interest, fees, and charges collected in excess of that authorized by this subtitle.
MD. Commercial Law Code Ann. §  12-918.1 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-918.1 - Civil Penalties -- Exception

    (a)    In this section, “Commissioner” means the Commissioner of Financial Regulation.    (b)    Except as provided in subsection (c) of this section, the penalty provided under § 12–918(a)(2) of this subtitle does not apply if a credit grantor:        (1)    Performed or omitted to perform an act in conformity with or in reliance on:            (i)    A written opinion of the Attorney General of Maryland or a regulation adopted by the Commissioner;            (ii)    A written opinion by the Commissioner or Deputy Commissioner; or            (iii)    An interpretation by the Commissioner in a written notice or examination report; or        (2)    Used a form or procedure that has been approved in writing by the Commissioner and the Attorney General.    (c)    The provisions of subsection (b) of this section do not apply to an act or omission to act that occurs after:        (1)    The opinion, regulation, or interpretation relied on is amended, repealed, or determined to be invalid for any reason by any judicial or other authority; or        (2)    Approval for a form or procedure is amended, rescinded, or determined to be invalid for any reason by any judicial or other authority.    (d)    This section may not be construed to:        (1)    Limit the imposition of any civil or criminal penalty for a knowing or willful violation of this subtitle; or        (2)    Limit the power of the Commissioner or the courts to order a refund to a borrower of moneys collected in violation of this subtitle.
MD. Commercial Law Code Ann. §  12-919 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-919 - Limitation of Actions

    An action for violation of this subtitle may not be brought more than 6 months after the credit extension is repaid in full.
MD. Commercial Law Code Ann. §  12-920 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-920 - Limitation on Credit Grantor's Liability

    A credit grantor is not liable for any failure to comply with a provision of this subtitle if, within 60 days after discovering an error and prior to institution of an action under this subtitle or the receipt of written notice from the borrower, the credit grantor notifies the borrower of the error and makes whatever adjustments are necessary to correct the error.
MD. Commercial Law Code Ann. §  12-923 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-923 - Agreements Governing Revolving Credit Plans

    (a)    This section applies only to a plan established by a credit grantor under this subtitle for a consumer borrower.    (b)    (1)    Paragraph (2) of this subsection applies only to a loan or an extension of credit primarily for personal, household, or family purposes.        (2)    An agreement governing a revolving credit plan or any instrument which evidences or secures an extension of credit under the plan may not contain:            (i)    An assignment or order for the payment of wages, whether earned or to be earned, or of any chose in action covering lost wages;            (ii)    An acceleration clause under which any part or all of the unpaid balance of any extension of credit not yet matured may be declared due and payable because the credit grantor deems itself insecure;            (iii)    A confession of judgment or any power of attorney authorizing the credit grantor to appear in court to confess judgment against the borrower or a surety or guarantor of the borrower, or any other waiver of the right to notice and an opportunity to be heard in the event of suit or process thereon; or            (iv)    A provision by which a person acting on behalf of a holder of the agreement is treated as an agent of the borrower in connection with its formation or execution.        (3)    Except as expressly allowed by law, an agreement governing a revolving credit plan or any instrument which evidences or secures an extension of credit under the plan may not contain a provision by which the borrower waives any right accruing to the borrower under this subtitle.        (4)    (i)    Any clause or provision in an agreement governing the plan or in any instrument which evidences or secures an extension of credit under a plan that is in violation of this subsection shall be unenforceable.            (ii)    Subject to subparagraph (iii) of this paragraph, the penalties set out under §§ 12-917 and 12-918 of this subtitle do not apply unless the credit grantor attempts to enforce a provision prohibited under this subsection.            (iii)    The penalties set out under §§ 12-917 and 12-918 of this subtitle do not apply to the enforcement by a credit grantor of a provision otherwise prohibited under this subsection where the enforcement was initiated by the credit grantor prior to October 1, 1993.    (c)    Unless a borrower has notice of an assignment of the account established under the plan, any payments made by the borrower to the last known holder of the account shall discharge the borrower’s obligation to the extent of the payments.    (d)    Upon receipt of a cash payment from a borrower, a credit grantor shall give the borrower a written receipt for the payment.
MD. Commercial Law Code Ann. §  12-923.1 (2021)
2021 Maryland Statutes|Commercial Law|Title 12 - Credit Regulations|Subtitle 9 - Credit Grantor Revolving Credit Provisions|Section 12-923.1 - Use of Revolving Credit Plan to Acquire Interest in or to Carry on a Business or Commercial Enterprise

    (a)    Any statement or characterization that indicates the borrower intends to use a plan to obtain loans or other extensions of credit solely to acquire an interest in or to carry on a business or commercial enterprise may be relied upon by a credit grantor in establishing a plan, unless the credit grantor knows or should know that the statement or characterization is false or misleading.    (b)    As a condition to the establishment of a plan, a credit grantor may not require a borrower to make any false or misleading statement or characterization that loans or other extensions of credit to be obtained under a plan are commercial loans or for a commercial purpose if the credit grantor knows or should know they are not commercial loans or for a commercial purpose.    (c)    The borrower has the burden of proving that a credit grantor knew or should have known that a statement or characterization described in subsection (a) or (b) of this section was false or misleading when made and that loans or other extensions of credit obtained under a plan were not commercial loans or extensions of credit for a commercial purpose.    (d)    Unless a credit grantor knew or should have known that a statement or characterization described in subsection (a) or (b) of this section was false or misleading when made, a credit grantor shall have no liability under this subtitle if loans or other extensions of credit under a plan are actually used by the borrower other than as commercial loans or other extensions of credit for a commercial purpose.