§ 12-1012. Repair contracts; nonconsumer borrowers
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 12-1012
§ 12-1012. Repair contracts; nonconsumer borrowers
(c)(1) This subtitle does not prohibit a credit grantor, in connection with a sale, from including in the loan amount the amounts actually paid or to be paid by the credit grantor pursuant to an agreement with the borrower, on behalf of the borrower to discharge any amount financed under an outstanding loan agreement or installment sale agreement or the unpaid portion of the early termination obligation under any lease or other obligation of the lessee, with respect to a motor vehicle or other property traded in.
Credits
Added by Acts 1983, c. 143, § 1, eff. July 1, 1983. Amended by Acts 1989, c. 830, § 2; Acts 1995, c. 196, § 1, eff. Oct. 1, 1995; Acts 1999, c. 556, § 1, eff. Oct. 1, 1999.
MD Code, Commercial Law, § 12-1012, MD COML § 12-1012
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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