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Session Laws, 1975
Volume 716, Page 491   View pdf image
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MARVIN MANDEL, Governor

491

(B) EXCEPTION.

A HOLDER MAY CHARGE THE BUYER THE FOLLOWING CHARGES
OR FEES:

(1)   SUBJECT TO THE PROVISIONS OF §12-630, THE
TIME BALANCE OF AN INSTALLMENT SALE AGREEMENT;

(2)   IF ALLOWED BY A COURT AS COSTS, THE
OFFICIAL FEES PAID TO A PUBLIC OFFICIAL IN CONNECTION
WITH A PROCEEDING TO:

(i) RECOVER POSSESSION OF THE GOODS;

(ii) ENFORCE ANY OBLIGATION OF THE BUYER OR
HIS SURETY; OR

(iii) REALIZE ON ANY SECURITY INTEREST OR
COLLATERAL SECURITY;

(3)   IF NO CHARGE WAS MADE IN THE AGREEMENT ON
ACCOUNT OF THE INSURANCE FOR THE PERIOD COVERED, THE
PREMIUMS FOR INSURANCE AS PROVIDED BY §12-613;

(4)    THE AMOUNT PAID FOR COPIES OF AGREEMENTS
AND STATEMENTS OF ACCOUNTS PURSUANT TO §12-621; AND

(5)   CHARGES PERMITTED BY:

(i) §§ 12-623 AND 12-6 26 FOR DELINQUENCIES
AND REPOSSESSION EXPENSES; AND

(li) LAW FOR EXTENSIONS AND REFUNDS.

REVISOR'S NOTE: This section presently appears as
Art. 83, §133.

Present references to a "seller" and a "sales
finance company" are deleted as unnecessary in
light of the definition of "holder" in
§12—601; and the word "guarantor" is deleted
as unnecessary in light of the definition of
"surety" in §12-601.

In subsection (b)(2) of this section, the word
"actually," as it presently modifies "paid,"
is deleted as unnecessary.

The only other changes are in style.

12-615. REFUND OF DEPOSIT.

(A)

BUYER'S RIGHT TO CANCEL; REFUND.

 

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Session Laws, 1975
Volume 716, Page 491   View pdf image
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