§ 12-510. Status inquiry not answered
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 12-510
§ 12-510. Status inquiry not answered
If a buyer inquires in writing about the status of his account and the holder fails to answer the inquiry in clear and definite terms within 60 days after receiving it, the buyer is not required to pay a finance charge for that 60-day period or for any further period during which the holder fails to so answer.
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975.
Formerly Art. 83, § 153C.
MD Code, Commercial Law, § 12-510, MD COML § 12-510
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.
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