MARVIN MANDEL, Governor

451

(1) "FINANCIAL INSTITUTION" MEANS A PERSON
WHO ENTERS INTO AN AGREEMENT WITH A BUYER BY WHICH THE
PERSON AGREES TO EXTEND CREDIT TO THE BUYER AND APPLY IT
AS DIRECTED BY HIM BY USE OF A CREDIT CARD WHICH THE
PERSON ISSUES TO THE BUYER.

(2)        "FINANCIAL INSTITUTION" INCLUDES AN

INCORPORATED BANK, SAVINGS INSTITUTION, AND TRUST
COMPANY.

REVISOR'S NOTE: This subsection presently appears as
Art. 83, §153A(j).

In paragraph (2) , the institutions listed in
Art. 11, §63 are substituted for the present
cross—reference to that section.

The only other changes are in style.

(H) GOODS.

(1)    "GOODS" MEANS ANY TANGIBLE PERSONAL
PROPERTY PURCHASED PRIMARILY FOR PERSONAL, FAMILY, OR
HOUSEHOLD PURPOSES, INCLUDING ANY CERTIFICATE OR COUPON
EXCHANGEABLE FOR IT.

(2)    "GOODS" INCLUDES GOODS WHICH AT OR AFTER
THE TIME OF SALE ARE AFFIXED TO REAL PROPERTY OR BECOME A
PART OF IT, WHETHER OR NOT SEVERABLE FROM IT.

(3)   "GOODS" DOES NOT INCLUDE ANY:

(i) TANGIBLE PERSONAL PROPERTY PURCHASED
PRIMARILY FOR INDUSTRIAL, COMMERCIAL, OR AGRICULTURAL
PURPOSES;

(ii) MOTOR VEHICLE, AS DEFINED IN THE STATE
MOTOR VEHICLE LAW; OR

(iii) HOME IMPROVEMENT, AS DEFINED IN THE
MARYLAND HOME IMPROVEMENT LAW, OR ANY TRANSACTION UNDER
THAT LAW.

REVISOR'S NOTE: This subsection presently appears as
Art. 83, §153A(a).

The only changes are in style.

(I) HOLDER.

"HOLDER" MEANS A PERSON, INCLUDING A SELLER AND A
FINANCIAL INSTITUTION, ENTITLED TO ENFORCE A RETAIL
CREDIT ACCOUNT AGAINST A BUYER.