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752 LAWS OF MARYLAND Ch. 143
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(E) FOR PURPOSES OF THIS SECTION, THE COMMISSIONER'S
JURISDICTION MAY NOT APPLY TO ANY:
(1) INCORPORATED BANK, SAVINGS INSTITUTION, OR TRUST
COMPANY;
(2) SAVINGS AND LOAN ASSOCIATION; OR
(3) FEDERAL OR STATE CREDIT UNION.
12-1017.
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.
12-1018.
(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 THE LOAN AND MAY
NOT COLLECT ANY INTEREST, COSTS, OR OTHER CHARGES WITH RESPECT TO
THE LOAN.
(B) IN ADDITION, 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.
12-1019.
AN ACTION FOR VIOLATION OF THIS SUBTITLE MAY NOT BE BROUGHT
MORE THAN 6 MONTHS AFTER THE LOAN IS SATISFIED.
12-1020.
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.
12-1021.
(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
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