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§ 12-913.2. Delivery of agreement

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 9. Credit Grantor Revolving Credit Provisions (Refs & Annos)
MD Code, Commercial Law, § 12-913.2
§ 12-913.2. Delivery of agreement
(a) The credit grantor shall deliver a copy of the agreement governing the plan to the borrower no later than 30 days after the credit grantor establishes the account governed by the agreement for the borrower's use.
(b) If there is more than one borrower, a copy of the agreement governing the plan may be delivered to any borrower who is primarily liable on the account.
(c) Written acknowledgment by a borrower of delivery in accordance with this section of a copy of the agreement governing the plan is conclusive proof of delivery as between the borrower and any assignee of the account established under the plan without actual knowledge to the contrary.

Credits

Added by Acts 1993, c. 404, § 2, eff. Oct. 1, 1993.
MD Code, Commercial Law, § 12-913.2, MD COML § 12-913.2
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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