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LAWS OF MARYLAND

Ch. 255

[(c)] (D) "Consumer borrower" means an individual receiving
a loan or other extension of credit under this subtitle for
personal, household or family purposes.

[(d)] (E) "Closed end credit" means the extension of credit
by a credit grantor to a borrower under an arrangement or
agreement which is not a revolving credit plan as defined in
Subtitle 9 of this title.

[(e)] (F) "Loan" means any single extension of closed end
credit, whether repayable in installments, on demand, or
otherwise and whether extended in one or more advances.

12-1004.

(a)   If the agreement, note, or other evidence of the loan
permits, the periodic percentage rate of interest charged and
collected on the loan may, if the interest is not precomputed,
vary in accordance with an index that is made readily available
to and verifiable by the borrower and is beyond the control of
the credit grantor.

(b)  The periodic percentage rate, as varied, may be made
applicable to any outstanding indebtedness on the loan on and
after the effective date of the variation.

(c)  This section does not limit the authority of a credit
grantor to charge and collect interest on a loan in the manner
and at the rate authorized in any other section of this subtitle.

(d)  The periodic percentage rate, as varied, may not exceed
the maximum rate permitted pursuant to [subsection] § 12-1003(a)
OF THIS SUBTITLE.

14-1002.

(a)  (1) Before beginning any repair work on a motor vehicle
for which a customer is charged more than $50, an automotive
repair facility shall give the customer on his request a written
statement which contains:

(i) The estimated completion date; and

(ii) The estimated price for labor and parts
necessary to complete the [work and] WORK; AND

(iii) The estimated surcharge, if any.

14-1218.

(b)   If a person fails to comply with any lawful order of
the Commissioner pursuant to this subtitle or if any witness
fails to appear and testify to any matter regarding which he may
be lawfully interrogated, on petition of the Commissioner setting
forth the facts, the circuit court of any county shall: