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738
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LAWS OF MARYLAND
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Ch. 143
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SECTION, BE AS THE AGREEMENT GOVERNING THE PLAN MAY OTHERWISE
PROVIDE.
12-913.
THE PROVISIONS OF ANY OTHER LAW OF THIS STATE LIMITING THE
RATE OR AMOUNT OF INTEREST, DISCOUNT DISCOUNTS, POINTS, FINANCE
CHARGES, SERVICE CHARGES, FEES, FINES, COMMISSIONS, COSTS,
EXPENSES, OR OTHER CHARGES WHICH MAY BE CHARGED, TAKEN,
COLLECTED, RECEIVED, OR RESERVED MAY NOT APPLY TO EXTENSIONS OF
CREDIT UNDER A REVOLVING CREDIT PLAN UNDER THIS SUBTITLE.
12-914.
(A) NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS TITLE, A
BANK CREDIT GRANTOR MAY AT ITS OPTION OFFER A PLAN TO ANY
BORROWER EITHER PURSUANT TO THIS SUBTITLE OR AS OTHERWISE
PERMITTED BY APPLICABLE LAW.
(B) IF ANY PROVISION OF THIS SUBTITLE IS HELD INVALID, THE
INVALIDITY SHALL NOT AFFECT ANY OTHER PROVISION OF THIS SUBTITLE
WHICH CAN BE GIVEN EFFECT WITHOUT THE INVALID PROVISION.
(C) NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS TITLE, A
PLAN UNDER THIS SUBTITLE IS SUBJECT ONLY TO THE DISCLOSURE
REQUIREMENTS OF THIS SUBTITLE AND, TO THE EXTENT APPLICABLE, OF
THE FEDERAL TRUTH IN LENDING ACT AND REGULATIONS PROMULGATED
THEREUNDER.
12-915.
A CREDIT GRANTOR SHALL BE SUBJECT TO ALL APPLICABLE
LICENSING, INVESTIGATORY, AND ENFORCEMENT PROVISIONS OF THE
FINANCIAL INSTITUTIONS AND COMMERCIAL LAW ARTICLES OF THIS CODE
IF THE CREDIT GRANTOR WHO MAKES A LOAN OR OTHER EXTENSION OF
CREDIT UNDER THIS SUBTITLE IS ALSO:
(1) A PERSON MAKING AN INSTALLMENT LOAN UNDER TITLE
11, SUBTITLE 3 OF THE FINANCIAL INSTITUTIONS ARTICLE OTHER THAN A
FINANCIAL INSTITUTION OR SELLER AS DEFINED IN TITLE 12, SUBTITLE
5 OF THE COMMERCIAL LAW ARTICLE AND OTHER THAN A HOLDER OR SELLER
AS DEFINED IN TITLE 12, SUBTITLE 6 OF THE COMMERCIAL LAW ARTICLE;
(2) A PERSON MAKING A SECONDARY MORTGAGE LOAN UNDER
TITLE 12, SUBTITLE 3 OF THE FINANCIAL INSTITUTIONS ARTICLE; OR
(3) A PERSON ENGAGED IN THE BUSINESS OF A SALES
FINANCE COMPANY AS DEFINED IN TITLE 11, SUBTITLE 4 OF THE
FINANCIAL INSTITUTIONS ARTICLE.
12-915.
(A) EXCEPT FOR A SELLER OF GOODS OR SERVICES NOT ENGAGED IN
MAKING CASH ADVANCES TO BE PAID TO OR FOR THE ACCOUNT OF A
BORROWER OFFERING EXTENSIONS OF CREDIT BY A SECONDARY LIEN ON
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