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932
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LAWS OF MARYLAND
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Ch. 246
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(4) A LENDER MAY NOT REQUIRE A BORROWER TO PURCHASE
INVOLUNTARY UNEMPLOYMENT BENEFIT INSURANCE AS A CONDITION OF
OBTAINING A LOAN.
[(c)] (D) Under this subtitle, insurance may be obtained
only:
(1) From an insurance company qualified to do
business in the State; and
(2) At rates not exceeding those approved by the
insurance division of the department of licensing and regulation.
[(d)] (E) A lender may not require the borrower to purchase
any insurance from him.
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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 247
(House Bill 844)
AN ACT concerning
Vehicle Laws - Dealer's Franchises
FOR the purpose of providing that a final judgment entered by a
circuit court may be appealed to the Court of Special
Appeals, under certain circumstances, by a vehicle dealer,
manufacturer, distributor or factory branch in certain cases
involving the termination, cancellation, or failure to renew
the franchise of certain vehicle dealers.
BY repealing and reenacting, with amendments,
Article - Transportation
Section 15-209
Annotated Code of Maryland
(1977 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 - Transportation
15-209.
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