Ch. 632                                          LAWS OF MARYLAND

(vi) All expenses incurred as a result of the
sale;

(vii) [The REQUIREMENT THAT THE purchaser's
name, address, and business MUST BE FILED BY THE SELLER WITH THE
COMMISSIONER OF CONSUMER CREDIT AND THAT THE COMMISSIONER MAY
PROVIDE THE INFORMATION TO THE BORROWER WHENEVER IT IS NECESSARY
TO ASCERTAIN THAT:----------------------------------------------

1. THE SALE WAS ACCOMPLISHED IN A
COMMERCIALLY REASONABLE MATTER; AND

2. ANY ALLEGED DEFICIENCY BALANCE DUE THE
SELLER IS, IN FACT, DUE;

(viii)] The number of bids sought and received;
and

[(ix)] (VIII) Any statement as to the condition
of the goods at the time of repossession which would cause their
value to be increased or decreased above or below the market
value for goods of like kind and quality.

(3)  IN ADDITION TO THE INFORMATION REQUIRED UNDER
PARAGRAPH (2) OF THIS SUBSECTION, THE SELLER SHALL FILE WITH THE
COMMISSIONER OF CONSUMER CREDIT THE PURCHASER'S NAME, ADDRESS,
AND BUSINESS ADDRESS. THE COMMISSIONER MAY PROVIDE TO THE
BORROWER THE PURCHASER'S NAME, ADDRESS, AND BUSINESS ADDRESS IF
THE COMMISSIONER DETERMINES THAT THE BORROWER MUST HAVE THE
INFORMATION IN ORDER TO ASCERTAIN THAT:

(I)  THE SALE WAS ACCOMPLISHED IN A COMMERCIALLY
REASONABLE MANNER; AND

(II)  ANY ALLEGED DEFICIENCY BALANCE DUE THE
SELLER IS, IN FACT, DUE.

(4)  The Commissioner of Consumer Credit may make a
determination concerning any private sale that the sale was not
accomplished in a commercially reasonable manner. Upon that
determination, the Commissioner may enter an order disallowing
any claim for a deficiency balance.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 27, 1988.

- 4226 -