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§ 14-1910. Liability of surety

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 19. Maryland Credit Services Businesses Act (Refs & Annos)
MD Code, Commercial Law, § 14-1910
§ 14-1910. Liability of surety
Currentness
(a) Any person claiming against the surety bond for a violation of this subtitle may maintain an action against the credit services business and against the surety.
(b) The surety shall be liable only for actual damages and not for the punitive damages permitted under § 14-1912 of this subtitle.
(c) The aggregate liability of the surety to all persons damaged by a credit services business's violation of this subtitle may not exceed the amount of the surety bond.

Credits

Added by Acts 1987, c. 469, § 1, eff. July 1, 1987. Amended by Acts 1991, c. 628.
MD Code, Commercial Law, § 14-1910, MD COML § 14-1910
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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