HARRY HUGHES, Governor

669

12-307.

(a)  At the time a loan is made, a lender may collect from
the borrower:

(1)  As to any item of the total property that secures
a loan:

(i) The fees paid to a public official or
governmental agency for recording or satisfying a mortgage,
encumbrance, or lien on any property securing the loan; or

(ii) An equal or lesser amount for nonfiling
insurance premium on any property, or portion of the property,
that is not recorded if:

1.  The Insurance Commissioner approves
the rates; and

2.  A commission is not paid on the
policy; and

(2)  The title insurance premiums or reasonable
attorney's fees paid for searching and insuring the title to any
real property securing the loan.

(b)  A lender may collect from the borrower a fee not
exceeding [$5] $10 if payment is made with a check that is
dishonored on the second presentment.

12-614.

(a)  Except as provided in subsection (b) of this section, a
holder may not directly or indirectly contract for, charge, or
receive from a buyer or a surety for a buyer on account of or in
connection with any agreement, any charge or amount for the
extension of credit, interest, fees, commissions, delinquency,
collection, repossession, and foreclosure or otherwise.

(b)  A holder may charge the buyer the following charges or
fees:

(1)  Subject to the provisions of § 12-630, the time
balance of an installment sale agreement;

(2)  If allowed by a court as costs, the official fees
paid to a public official in connection with a proceeding to:

(i) Recover possession of the goods;

(ii) Enforce any obligation of the buyer or his
surety; or

(iii) Realize on any . security interest or
collateral security;