§ 12-413. Civil enforcement
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 12-413
§ 12-413. Civil enforcement
Except for a bona fide error of computation, if a lender violates any provision of this subtitle he may collect only the principal amount of the loan and may not collect any interest, costs, or other charges with respect to the loan. In addition, a lender who knowingly violates any provision of this subtitle also shall forfeit to the borrower three times the amount of interest and charges collected in excess of that authorized by law.
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 66, § 69.
MD Code, Commercial Law, § 12-413, MD COML § 12-413
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
| End of Document |