§ 12-420. Fees for redemption of unused payment instruments
West's Annotated Code of MarylandFinancial Institutions
MD Code, Financial Institutions, § 12-420
§ 12-420. Fees for redemption of unused payment instruments
Except as permitted by § 17-308.1 of the Commercial Law Article, a licensee or its authorized delegate may charge a service fee, not to exceed $5, to any original buyer who redeems an unused payment instrument.
Credits
Added as Financial Institutions § 12-416 by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1980, c. 541, § 1, eff. July 1, 1980; Acts 1995, c. 432, § 1, eff. Oct. 1, 1995; Acts 1997, c. 23, § 1, eff. Oct. 1, 1997. Renumbered as Financial Institutions § 12-420 by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002. Amended by Acts 2002, c. 539, § 1, eff. Oct. 1, 2002.
Formerly Art. 11, § 219A.
MD Code, Financial Institutions, § 12-420, MD FIN INST § 12-420
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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