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Session Laws, 1974
Volume 713, Page 1642   View pdf image
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1642                                         LAWS OF MARYLAND                        [Ch. 413

(House Bill 35)
AN ACT concerning

Retail Credit Accounts — Attorney's Fees

FOR the purpose of [[prohibiting the incorporation of a
provision for attorney's fees into a contract under
the "Retail Credit Accounts Law".]] providing that
if the "Retail Credit Account" agreement provides
for the payment of attorney's fees, it may only
provide for reasonable attorney's fees to be set by
the court in the event of the filing of suit.

BY repealing and re—enacting, with amendments.

Article 83 — Sales and Notices

Section 153C(b) (1)

Annotated Code of Maryland

(1969 Replacement Volume and 1973 Supplement)

SECTION 1. BE IT? ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 153C(b)(1) of Article 83 - Sales
and Notices, of the Annotated Code of Maryland (1969
Replacement Volume and 1973 Supplement) be and it is
hereby repealed and re—enacted, with amendments, to read
as follows:

Article 83 — Sales and Notices
153C.

(b)(1) A retail credit account may be established
by the seller or financial institution upon the request
of a buyer or prospective buyer. No seller or financial
institution shall discriminate against any buyer or
prospective buyer wishing to establish a retail credit
account because of the sex or marital status of the
buyer. Each such retail credit account agreement shall
be in writing and signed by the buyer or, seller or
financial institution shall have made a reasonable
attempt to obtain the signature of the buyer to such a
written agreement. A legend stating that service charges
will be made, in amounts or at rates not in excess of
those permitted by law, shall be printed in type no
smaller than elite typewriter characters, both in the
application form used by the seller or financial
institution and either in a copy thereof or in the
confirmation handed or mailed to the prospective buyer
when the retail credit account is established. [[THE
RETAIL CREDIT ACCOUNT AGREEMENT SHALL NOT PROVIDE FOR THE
PAYMENT OF ATTORNEY'S FEES.]] IF THE RETAIL CREDIT
ACCOUNT AGREEMENT PROVIDES FOR THE PAYMENT OF ATTORNEY'S

 

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Session Laws, 1974
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