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Ch. 217
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LAWS OF MARYLAND
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880
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FOR the purpose of altering the cash value figure of goods which
can be purchased under a retail installment sales agreement.
BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 12-601(j)(1) and (2)
Annotated Code of Maryland
(1975 Volume and 1982 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Commercial Law
12-601.
(j) (1) "Goods" means all tangible personal property that
has a cash price of [$12,500] $25,000 or less.
(2) "Goods" does not include money or things in
action.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 10, 1983.
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CHAPTER 218
(House Bill 498)
AN ACT concerning
Consumer Loans - Payment Books
FOR the purpose of providing that certain lenders are not
required to issue a receipt if the lender issues to the
borrower a payment book or coupon book and payment is made
by check or money order; and generally relating to the
payment of consumer loans.
BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 12-308
Annotated Code of Maryland
(1975 Volume and 1982 Supplement)
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