§ 12-1020. Limitations of liability
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 12-1020
§ 12-1020. Limitations of liability
A credit grantor is not liable for any failure to comply with a provision of this subtitle if, within 60 days after discovering an error and prior to institution of an action under this subtitle or the receipt of written notice from the borrower, the credit grantor notifies the borrower of the error and makes whatever adjustments are necessary to correct the error.
Credits
Added by Acts 1983, c. 143, § 1, eff. July 1, 1983. Amended by Acts 1990, c. 458.
MD Code, Commercial Law, § 12-1020, MD COML § 12-1020
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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