454

LAWS OF MARYLAND

[Ch. 49

12-502. APPLICATION OF SUBTITLE.

(A)       ACCOUNTS REQUIRED TO COMPLY.

EACH RETAIL CREDIT ACCOUNT ESTABLISHED AFTER MAY 31,
1967 SHALL COMPLY WITH THIS SUBTITLE.

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

The phrase "governed solely by" is deleted as
unnecessary.

The only other changes are in style.

(B)       EXCEPTIONS.

THIS SUBTITLE DOES NOT APPLY TO AN INSTALLMENT SALE
AGREEMENT, AS DEFINED IN §12-601 OF THIS TITLE, RELATING
TO GOODS, AS DEFINED IN THAT SECTION, REGARDLESS OF THE
CASH SALE PRICE OF THE GOODS.

REVISOR'S NOTE: This subsection presently appears as
Art. 83, §153B.

The provision dealing with service charges
made before June 1, 1967 is deleted as
obsolete.

The only other changes are in style.

12-503. ESTABLISHMENT OF ACCOUNT.

(A)   ESTABLISHED ON REQUEST OF BUYER.

A RETAIL CREDIT ACCOUNT MAY BE ESTABLISHED BY A
SELLER OR FINANCIAL INSTITUTION ONLY ON THE REQUEST OF A
BUYER OR WITH HIS CONSENT.

(B)   DISCRIMINATION PROHIBITED.

(1)   A SELLER OR FINANCIAL INSTITUTION MAY NOT
DISCRIMINATE ON THE BASIS OF SEX OR MARITAL STATUS
AGAINST A BUYER WHO WISHES TO ESTABLISH AN ACCOUNT.

(2)    AN APPLICATION, QUESTIONNAIRE, OR OTHER
WRITTEN DOCUMENT USED TO ESTABLISH CREDIT FOR AN
APPLICANT MAY NOT CONTAIN ANY REFERENCE TO THE RACE,
CREED, COLOR, OR NATIONAL ORIGIN OF THE APPLICANT.

(3) AN INVESTIGATION MADE FOR THE PURPOSE OF
ESTABLISHING CREDIT FOR AN APPLICANT MAY NOT CONTAIN ANY
INFORMATION PERTAINING TO THE RACE, CREED, COLOR, OR
NATIONAL ORIGIN OF THE APPLICANT.