HARRY HUGHES, Governor

1073

Annotated Code of Maryland

(1975 Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Commercial Law

12-307.

(A)  At the time a loan is made, a lender may collect
from the borrower:

(1)  The fees paid to a public official or
governmental agency for recording or satisfying a mortgage,
encumbrance, or lien on any property securing the loan; and

(2)  The title insurance premiums or reasonable
attorney's fees paid for searching and insuring the title to
any real property securing the loan.

(B)  A LENDER MAY COLLECT FROM THE BORROWER A FEE NOT
EXCEEDING $5 IF TWO CONSECUTIVE PAYMENTS ARE MADE WITH
CHECKS THAT ARE DISHONORED PAYMENT IS MADE WITH A CHECK THAT
IS DISHONORED ON THE SECOND PRESENTMENT.

12-614.

(b) 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 12-626 for delinquencies
and repossession expenses; and