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§ 14-1702. Notice of action on application

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 17. Denial of Credit--Disclosure (Refs & Annos)
MD Code, Commercial Law, § 14-1702
§ 14-1702. Notice of action on application
Currentness
(a) Notwithstanding any other provision of this article, within 30 days after receipt of a completed application for credit, a lender or credit grantor shall notify the applicant of its action on the application.
(b) Notwithstanding any other provision of this article, if the lender or credit grantor has acted adversely against or denied an application for credit by a consumer, that lender must furnish the consumer with a written statement.

Credits

Added by Acts 1985, c. 669, § 1, eff. July 1, 1985.
MD Code, Commercial Law, § 14-1702, MD COML § 14-1702
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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