1698                             Laws of Maryland                      [Ch. 772

race and the purse shall not be paid out of the fund. If the Commis-
sion cancels any race, it shall notify the track licensee in time to
permit the licensee to schedule a substitute race.

(e)    The track licensee may, but is not required to, add to any
purse offered by the Commission in any "Maryland Standardbred
Fund race."

(f)    Any purse money authorized herein and actually paid for
any Maryland Standardbred Fund race run at any track in this
State is declared to be specifically excluded or exempted from, not
to be included in or to have any relation to, the purses, stakes, or
breeders' bonuses paid or offered by any harness track licensee for
any races other than Maryland Standardbred Fund races, and which
other purses, stakes, or breeders' bonuses are determined by agree-
ment or formula between a licensee and an organization representing
the horsemen.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1971 JANUARY 1, 1972.

Approved May 28, 1971.

CHAPTER 772
(House Bill 44)

AN ACT to repeal and re-enact, with amendments, Section 153F
AND SECTION 164(K) of Article 83 of the Annotated Code of
Maryland (1969 Replacement Volume), title "Sales and Notices,"
subtitle SUBTITLES "Retail Credit Accounts Law," AND "FI-
NANCE COMPANIES," RESPECTIVELY to provide the Ad-
ministrator of Loan Laws COMMISSIONER OF SMALL LOANS
with the authority to issue cease and desist orders, receive com-
plaints, AND hold hearings and subpoena witnesses relative to
possible violations of this Subtitle THE RETAIL CREDIT AC-
COUNTS LAW, AND TO CORRECT CERTAIN LANGUAGE.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 153F of Article 83 of the Annotated Code of Maryland
(1969 Replacement Volume), title "Sales and Notices," subtitle "Re-
tail Sales Accounts Law," be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

153F.

(a) Whenever a seller or holder shall violate any of the provi-
sions of this subtitle no seller or holder of such agreement shall
collect or receive any service charge from the buyer, except that
any unintentional failure (made in good faith) by the seller or holder,
to comply with any provisions of Section 153D of this subtitle may be
corrected within ten days after the holder notices such failure or is
notified thereof in writing by the buyer and, if so corrected, neither
the seller nor the holder shall be subject to any penalty under this
subtitle.