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740 LAWS OF MARYLAND Ch. 143
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(3) FEDERAL OR STATE CREDIT UNION.
12-917.
(A) ANY CREDIT GRANTOR OR HIS OFFICER OR EMPLOYEE WHO
WILLFULLY VIOLATES ANY PROVISION OF THIS SUBTITLE IS GUILTY OF A
MISDEMEANOR AND ON CONVICTION IS SUBJECT TO A FINE NOT EXCEEDING
$1,000 OR IMPRISONMENT NOT EXCEEDING 1 YEAR, OR BOTH.
12-918.
(B) (1) (A) EXCEPT FOR A BONA FIDE ERROR OF COMPUTATION, IF
A CREDIT GRANTOR VIOLATES ANY PROVISION OF THIS SUBTITLE THE
CREDIT GRANTOR MAY COLLECT ONLY THE PRINCIPAL AMOUNT OF CREDIT
EXTENDED AND MAY NOT COLLECT ANY INTEREST, COSTS, OR OTHER
CHARGES WITH RESPECT TO THE CREDIT EXTENSION.
(2) (B) A CREDIT GRANTOR WHO KNOWINGLY VIOLATES ANY
PROVISION OF THIS SUBTITLE SHALL FORFEIT TO THE BORROWER 3 TIMES
THE AMOUNT OF INTEREST AND CHARGES COLLECTED IN EXCESS OF THAT
AUTHORIZED BY THIS SUBTITLE.
12-918. 12-919.
AN ACTION FOR VIOLATION OF THIS SUBTITLE MAY NOT BE BROUGHT
MORE THAN 6 MONTHS AFTER THE CREDIT EXTENSION IS REPAID IN FULL.
12-919. 12-920.
A CREDIT GRANTOR IS NOT LIABLE FOR ANY FAILURE TO COMPLY
WITH A PROVISION OF THIS SUBTITLE IF, WITHIN 60 DAYS AFTER
DISCOVERING AN ERROR AND PRIOR TO INSTITUTION OF AN ACTION UNDER
THIS SUBTITLE OR THE RECEIPT OF WRITTEN NOTICE FROM THE BORROWER,
THE CREDIT GRANTOR NOTIFIES THE BORROWER OF THE ERROR AND MAKES
WHATEVER ADJUSTMENTS ARE NECESSARY TO CORRECT THE ERROR.
12-920. 12-921.
(A) (1) A CREDIT GRANTOR MAY REPOSSESS TANGIBLE PERSONAL
PROPERTY SECURING A PLAN UNDER AN AGREEMENT IF THE CONSUMER
BORROWER IS IN DEFAULT.
(2) THE CREDIT GRANTOR MAY REPOSSESS TANGIBLE
PERSONAL PROPERTY FROM A CONSUMER BORROWER ONLY BY:
(I) LEGAL PROCESS; OR
(II) SELF-HELP, WITHOUT USE OF FORCE.
(B) NOTHING IN THIS SECTION AUTHORIZES A VIOLATION OF
CRIMINAL LAW.
(C) (1) AT LEAST 10 DAYS BEFORE A CREDIT GRANTOR
REPOSSESSES ANY TANGIBLE PERSONAL PROPERTY, THE CREDIT GRANTOR
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