424

LAWS OF MARYLAND

[Ch. 49

REVISOR'S NOTE: This section presently appears as
Art. 11, §196(a)(1).

In this section, for purposes of clarity and
conformity of style, the term "principal
balance" is substituted for "balance."

In subsection (a) of this section, reference
to a loan "not exceeding $3,500" is deleted as
unnecessary in light of the provisions of
§12-303(a) and the definition of "loan" in
§12—301. The word "charge" is substituted for
the phrase "charge, contract for or receive"
since the right to charge presupposes the
right to contract and receive. Compare this,
however, to subsection (b)(1), for example,
where each term is retained with regard to the
express prohibition against certain charges.

In subsection (b) (1) of this section,

reference to computation being "for the actual

time [balances are] outstanding" is deleted as
unnecessary.

With respect to the use of the term "lender"
in substitution for "licensee," see revisor's
note to §12—301(c).

The only other changes are in style.

12-307. COLLECTION OF CERTAIN FEES.

A LENDER MAY COLLECT FROM THE BORROWER:

(1)     THE FEES PAID TO A PUBLIC OFFICIAL OR
GOVERNMENTAL AGENCY FOR RECORDING OR SATISFYING A
JUDGMENT, MORTGAGE, ENCUMBRANCE, OR LIEN OR ANY PROPERTY
SECURING A LOAN; AND

(2)   THE TITLE INSURANCE PREMIUMS OR REASONABLE
ATTORNEY'S FEES PAID FOR SEARCHING AND INSURING THE TITLE
TO ANY REAL PROPERTY SECURING A LOAN.

REVISOR'S NOTE: This section presently appears as
Art. 11, §196(a)(4).

References to "a loan or advance" are deleted
as unnecessary in light of the definition of
"loan" in §12-301.

In item (1) of this section, the words
"governmental agency" are substituted for
"State agency." This broader terminology is
implicitly required by the more general usage