Ch. 481                                    LAWS OF MARYLAND

(B) THIS SECTION DOES NOT PROHIBIT A SAVINGS AND LOAN
ASSOCIATION AND A HOLDER OF AN ACCOUNT IN THE ASSOCIATION FROM
AGREEING IN WRITING TO A GREATER PERIOD OF TIME THAN THAT
PRESCRIBED BY REGULATION UNDER § 9-411 OF THIS ARTICLE FOR
DRAWING AGAINST ITEMS UNDER SPECIAL CIRCUMSTANCES IF:

(1)  THE AGREEMENT IS NOT CONTAINED IN A PREPRINTED
FORM; AND                                                                                                                          

(2)  THE AGREEMENT IS NOT A USUAL, REGULAR BUSINESS
PRACTICE OF THE SAVINGS AND LOAN ASSOCIATION.

9-909.

(a) In this section, "payor institution" means a bank,
credit union, on savings and loan association by which an item is
payable as drawn or accepted.                                    

(b) As to each account of each depositor in a savings and
loan association, the savings and loan association shall give to
the customer, on opening of the account and on any later demand
of the customer, written notice of the GENERALLY APPLICABLE TIME
LIMITATION AND THE SAVINGS AND LOAN'S POLICY ON THE RIGHT TO
DRAW ON ITEMS RECEIVED FOR DEPOSIT IN THE CUSTOMER'S ACCOUNT AND
THE time after which the funds represented by an item deposited
to the account shall be available for withdrawal as of right, for
each of the situations where the association:

(1) Is also the payor institution;

(2) Is located in the same state as the payor
institution; and                         

(3)   Is located in a different state from that in
which the payor institution is located.

(c) The notice shall also state the time after which the
funds represented by an item become available for withdrawal as
of right where the item is issued by:

(1) The Maryland State [government] GOVERNMENT on any
agency thereof;                                                              

(2) The United States Treasury; and

(3) Any agency of the federal government.

(d) The notice shall be printed in type no smaller than
elite typewriter characters.

(E) THE SAVINGS AND LOAN ASSOCIATION SHALL KEEP POSTED IN A
CONSPICUOUS LOCATION, AT EACH BRANCH OF THE ASSOCIATION, A NOTICE
THAT SUBSTANTIALLY SETS FORTH THE GENERALLY APPLICABLE TIME

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