406

LAWS OF MARYLAND

[Ch. 49

legislation to require that disclosures be
made in the same language as was the original
solicitation and transaction. See, e.g.,
Federal Trade Regulation "Cooling-Off Period
for Door-to-Door Sales," 37 F.R. 22933,
effective June 7, 1974; and §14-302 of this
article.

In subsections (a)(1) and (c) of this section,
the present qualifying references to interest
charged and loans made "under §16(a)" and
"pursuant to §16(a)" are deleted as
superfluous, there being no section other than
present §16(a) — now §12—205(a) — pursuant to
which interest may be charged on loans made
under this subtitle. (For the origin of these
references, see House Bill 13, 1968
Legislative Session, which proposed an
alternative, per diem rate of interest to be
contained in a new §16A; however, before
enactment, as Ch. 439, Acts of 1968, that
proposal was stricken from the bill, making a
distinguishing reference here no longer
necessary.)

In subsection (b) of this section, reference
to a loan "under this article" is deleted as
unnecessary in light of the definition of
"loan" in §12—201, and the word "issue" is
deleted as unnecessary in light of the word
"deliver."

In subsection (c) of this section, for
purposes of clarity, the words "without
penalty" — implicitly required by the
provisions of §12—210(a) (1) — are added, and
the term "unpaid principal balance" is
substituted for "unpaid balance."

The only other changes are in style.

With respect to the use of the term "lender"
in substitution for "licensee," see revisor's
note to §12-201(b).

12-207. LOAN TO BUY CERTAIN GOODS OR SERVICES SUBJECT TO
CERTAIN DEFENSES.

(A) LENDER SUBJECT TO DEFENSES OF BORROWER AGAINST
SELLER.

IF A LENDER MAKES A LOAN FOR THE PURPOSE OF ENABLING
A BORROWER TO BUY GOODS OR SERVICES USED PRIMARILY FOR
PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES, THEN, IN