§ 12-106. Statements required from lender
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 12-106
§ 12-106. Statements required from lender
(i) The total principal amount of the loan and the total amount of finance charge as defined in the federal Truth in Lending Act1 to be paid, stated in dollars, except that on loans payable on demand, the total amount of finance charge to be paid shall be stated on a per diem basis;
(c) At least annually and, on request of the borrower, at any other reasonable time or interval, a lender who receives scheduled monthly periodic payments on more than five loans secured by an interest in real property shall furnish to the borrower a written statement informing the borrower of the amount of:
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 1977, c. 167; Acts 1979, c. 263; Acts 1988, c. 6, § 1; Acts 1988, c. 559; Acts 1989, c. 5, § 1; Acts 1999, c. 634, § 1, eff. July 29, 1999.
Formerly Art. 49, §§ 10, 10A.
Footnotes
Pub.L. 90-321, Title I, May 29, 1968, 82 Stat. 146, codified at 15 U.S.C.A. § 1601 et seq.
MD Code, Commercial Law, § 12-106, MD COML § 12-106
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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