MARVIN MANDEL, Governor

505

REVISOR'S NOTE: This section presently appears as
Art. 83, §147.

The defined term "sales finance company" is
substituted for "finance company" for purposes
of clarity and conformity.

The only other changes are in style.

12-629. WAIVER BY BUYER INVALID.

NO ACT, AGREEMENT, OR STATEMENT OF A BUYER IN AN
AGREEMENT MAY CONSTITUTE A VALID WAIVER OF ANY BENEFIT OR
PROTECTION PROVIDED TO HIM ORDER THIS SUBTITLE.

REVISOR'S NOTE: This section presently appears as
Art. 83, §143.

The only changes are in style.

12-630. VIOLATION OF SUBTITLE.

(A)       HOLDER NOT TO COLLECT CHARGES.

EXCEPT AS PROVIDED BY SUBSECTIONS (E) AND (C) OF
THIS SECTION. A HOLDER MAY NOT COLLECT OR RECEIVE ANY
FINANCE, DELINQUENCY, OR COLLECTION CHARGE FROM THE BUYER
IF:

(1)         THE AGREEMENT DOES NOT CONTAIN THE
INFORMATION REQUIRED BY §§ 12-604 THROUGH 12-606 OF THIS
SUBTITLE;

(2)       THE SELLER FAILS TO DELIVER TO THE BUYER
A REQUIRED COPY OF THE AGREEMENT; OR

(3)         THE AGREEMENT CONTAINS A FINANCE CHARGE
IN EXCESS OF THE APPLICABLE CHARGE PERMITTED BY §§ 12-609
OR 12-610 OF THIS SUBTITLE.

(B)       CONCLUSIVE PROOF OF DELIVERY OF CONTRACT IN
CASE OF ASSIGNMENT.

WRITTEN ACKNOWLEDGMENT BY THE BUYER OF DELIVERY OF A
COPY OF THE AGREEMENT PURSUANT TO §12-605 OF THIS
SUBTITLE IS CONCLUSIVE PROOF OF THE DELIVERY AS BETWEEN
THE BUYER AND ANY ASSIGNEE OF THE AGREEMENT WITHOUT
ACTUAL KNOWLEDGE TO THE CONTRARY.

(C)       UNINTENTIONAL OVERCHARGE BY HOLDER.

(1) IF THE SELLER OR ANY SUBSEQUENT HOLDER
UNINTENTIONALLY AND IN GOOD FAITH FAILS TO COMPLY WITH
ANY PROVISION OF §§ 12-609 THROUGH 12-612 OF THIS