3456

LAWS OF MARYLAND

Ch. 845

ACTIVITIES, OR WHOSE LICENSE TO ENGAGE IN SUCH ACTIVITIES HAS
BEEN SUSPENDED OR REVOKED.

12-320.

(A) Any person 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.

(B) EXCEPT FOR A BONA FIDE ERROR OF COMPUTATION, ANY PERSON
CLAIMING AN EXEMPTION FROM LICENSING UNDER § 12-302 OF THIS
SUBTITLE WHO VIOLATES ANY PROVISION OF THE MARYLAND SECONDARY
MORTGAGE LOAN LAW MAY COLLECT ONLY THE PRINCIPAL AMOUNT OF ANY
LOAN AND MAY NOT COLLECT ANY INTEREST, COSTS OR OTHER CHARGES
WITH RESPECT TO THE LOAN.

(C) ANY PERSON WHO KNOWINGLY VIOLATES ANY PROVISION OF THE
MARYLAND SECONDARY MORTGAGE LOAN LAW SHALL ALSO FORFEIT TO THE
BORROWER 3 TIMES THE AMOUNT OF INTEREST AND CHARGES COLLECTED IN
EXCESS OF THAT AUTHORIZED BY LAW.

(D) NOTWITHSTANDING THE SUBSEQUENT SALE, ASSIGNMENT, OR
OTHER TRANSFER OF A SECONDARY MORTGAGE LOAN TO ANOTHER PERSON,
ANY PERSON MAKING A SECONDARY MORTGAGE LOAN IN VIOLATION OF §
12-304 OF THIS SUBTITLE SHALL BE PERSONALLY LIABLE TO THE
BORROWER FOR ANY INTEREST, COSTS, OTHER CHARGES, OR FORFEITURES
UNDER SUBSECTIONS (B) AND (C) OF THIS SECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved May 27, 1986.

CHAPTER 846

(Senate Bill 208)

AN ACT concerning

Primary Elections - Date

FOR the purpose of altering the date for holding primary
elections by the political parties in presidential election
years.

BY repealing and reenacting, with amendments,

Article 33 - Election Code

Section 5-2(a)

Annotated Code of Maryland