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LAWS OF MARYLAND

[Ch. 49

A LENDER MAY NOT DIRECTLY OR    INDIRECTLY PRINT,

PUBLISH, DISTRIBUTE, OR BROADCAST ANY  FALSE, MISLEADING,

OR DECEPTIVE STATEMENT REGARDING THE     RATES, TERMS, OR
CONDITIONS OF A LOAN.

(B) SUPERVISION OF COMMISSIONER OVER LICENSEES.

(1)    IF CHARGES OR RATES OF CHARGES ARE
ADVERTISED BY A LICENSEE, THE COMMISSIONER MAY REQUIRE
HIM TO STATE THEM FULLY AND CLEARLY IN ANY MANNER THE
COMMISSIONER CONSIDERS NECESSARY TO PREVENT
MISUNDERSTANDING BY A PROSPECTIVE BORROWER.

(2)     SUBJECT TO ANY CONDITION WHICH THE
COMMISSIONER MAY IMPOSE TO PREVENT A FALSE IMPRESSION
REGARDING THE SCOPE OR DEGREE OF PROTECTION PROVIDED BY
THIS SUBTITLE, THE COMMISSIONER MAY PERMIT OR REQUIRE A
LICENSEE TO REFER IN HIS ADVERTISING TO THE FACT THAT HIS
BUSINESS IS UNDER STATE SUPERVISION.

REVISOR'S NOTE: This section presently appears as
Art. 11, §193.

In subsection (a) of this section, the
reference to an "other person subject to this
subtitle" is deleted as unnecessary, in light
of the substitution of the word "lender" for
"licensee"; in this regard, see revisor's note
to §12-301(c). Reference to a loan of "$3,500
or less" is deleted as unnecessary in light of
the provisions of §12—303(a) and the
definition of "loan" in §12—301.

In subsection (b) of this section, the word
"advertised" is substituted for "stated" to
conform to the general terminology of this
section, as well as to avoid any implication
that the charges need not always be clearly
stated in the relevant loan documents, as
required by §12-308 of this subtitle.

The only other changes are in style.

For provisions generally relating to
advertising and other representations made in
connection with the extension of "consumer
credit," see Title 13 of this article, the
Maryland Consumer Protection Act.

12-305. DISCRIMINATION PROHIBITED.

IN GRANTING OR DENYING AN APPLICATION FOR A LOAN, A
LICENSEE MAY NOT DISCRIMINATE AGAINST ANY LOAN APPLICANT
ONLY ON THE BASIS OF RACE, COLOR, CREED, NATIONAL ORIGIN,