506

LAWS OF MARYLAND

[Ch. 49

SUBTITLE, THE HOLDER MAY CORRECT THE ERROR WITHIN 10 DAYS
AFTER:

(i) HE NOTICES IT; OR

(ii) THE BUYER NOTIFIES HIM IN WRITING OF THE
ERROR.

(D)     INSTRUMENT CONTAINING PROHIBITED PROVISION
VOID.

IF AN INSTRUMENT CONTAINS ANY PROVISION PROHIBITED
BY §12-607 OF THIS SUBTITLE, THAT PROVISION IS VOID AND
THE HOLDER MAY NOT COLLECT OR RECEIVE FROM THE BUYER, IN
CONNECTION WITH THE TRANSACTION TO WHICH THE INSTRUMENT
RELATES, ANY FINANCE, DELINQUENCY, OR COLLECTION CHARGE.

(E)   PENALTIES OF THIS SECTION ADDITIONAL.

THE PENALTIES OF THIS SECTION ARE IN ADDITION TO
THOSE PROVIDED IN PART IV OF THIS SUBTITLE OR IN ANY
OTHER STATUTORY LAW.

REVISOR'S NOTE: This section presently appears as
Art. 83, §149.

In subsections (a) and (c) of this section,
the Commission has added a cross—reference to
§12—609, which relates to the finance charge
permitted for motor vehicles, since motor
vehicles of $5,000 or less are otherwise
generally treated under this subtitle the same
as all other goods. The Commission felt that
this change, while of a substantive nature,
would be warranted. Of course, motor vehicles
in excess of $5,00 0 remain unaffected by this
change since, in any event, this subtitle,
except for §12—609, is not applicable to them.

In subsection (c) of this section, the word
"seller" is deleted as unnecessary in light of
the definition of "holder" in §12-601.

The only other changes are in style.

12-631. JURISDICTION OF COMMISSIONER OF CONSUMER CREDIT.

(A) INVESTIGATION OF COMPLAINT.

IF A COMPLAINT FOR VIOLATION OF ANY PROVISION OF
PART II OF THIS SUBTITLE IS FILED WITH THE COMMISSIONER
OF CONSUMER CREDIT, HE MAY [[HOLD A HEARING ON THE
COMPLAINT]] INVESTIGATE THE COMPLAINT AND HOLD A HEARING
ON IT IN ACCORDANCE WITH ARTICLE A3, §162 OF THE CODE.