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732
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LAWS OF MARYLAND
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Ch. 143
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CREDIT GRANTOR OR ITS AGENTS IN CONNECTION WITH THE PLAN,
INCLUDING, WITHOUT LIMITATION:
(I) COMMITMENT FEES;
(II) OFFICIAL FEES AND TAXES;
(III) PREMIUMS AND OTHER CHARGES FOR ANY
GUARANTEE OR INSURANCE PROTECTING THE BANK CREDIT GRANTOR AGAINST
THE BORROWER'S DEFAULT OR OTHER CREDIT LOSS;
(IV) COSTS INCURRED BY REASON OF EXAMINATION OF
TITLE, INSPECTION, APPRAISAL, RECORDING OR OTHER FORMAL ACTS
NECESSARY OR APPROPRIATE TO THE SECURITY FOR THE PLAN;
(V) FILING FEES;
(VI) ATTORNEY'S FEES;
(VII) TRAVEL EXPENSES; AND
(VIII) MERCHANT AND EXCHANGE FEES ON CREDIT
CARD PLANS.
(B) IF THE PLAN IS ESTABLISHED FOR A CONSUMER BORROWER, NO
FEE MAY BE CHARGED AND COLLECTED UNLESS THE AGREEMENT CONCERNING
THE PLAN PERMITS THE FEE TO BE CHARGED.
(C) FOR PURPOSES OF THIS SUBTITLE, THE ADDITIONAL CHARGES
LISTED IN SUBSECTION (A) OF THIS SECTION ARE NOT INTEREST OR
FINANCE CHARGES WITH RESPECT TO THE PLAN.
12-905.
(A) WITH RESPECT TO AN UNSECURED OPEN-END CREDIT PLAN, FEES
OR CHARGES MAY NOT BE IMPOSED ON A CONSUMER BORROWER IN ADDITION
TO INTEREST OR FINANCE CHARGES AS PERMITTED BY THIS SUBTITLE,
EXCEPT AS FOLLOWS:
(1) IF THE PLAN IS OFFERED BY A SELLER OF GOODS OR
SERVICES, OR BOTH, AND MAY BE USED ONLY FOR THE PURCHASE OR LEASE
OF THE SELLER'S GOODS AND SERVICES, THE SELLER MAY CHARGE ONE OF
THE FOLLOWING FEES:
(I) AN ANNUAL CHARGE IN ANY AMOUNT THE
AGREEMENT PROVIDES FOR THE PRIVILEGES MADE AVAILABLE TO THE
CONSUMER BORROWER UNDER THE PLAN;
(II) A TRANSACTION CHARGE OR CHARGES IN SUCH
AMOUNT OR AMOUNTS AS THE AGREEMENT MAY PROVIDE FOR EACH SEPARATE
PURCHASE UNDER THE PLAN; OR
(III) A MINIMUM CHARGE FOR EACH SCHEDULED
BILLING PERIOD UNDER THE PLAN DURING ANY PORTION OF WHICH THERE
IS AN OUTSTANDING UNPAID INDEBTEDNESS UNDER THE PLAN.
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