WILLIAM DONALD SCHAEFER, Governor                         Ch. 319

state agency requirement of titles IV-B and IV-E of the Social Security Act and that the
procedures established under Section 1 of this Act do not qualify for a waiver of the single state
agency requirement. If Section 2 of this Act takes effect, then § 5-706.2(d)(2) of the Family
Law Article as enacted by Section 1 of this Act shall be abrogated and of no further force and
effect.

Approved May 11, 1993.

CHAPTER 319
(House Bill 631)

AN ACT concerning

Credit Regulations - Limitations on Lender Liability

FOR the purpose of limiting providing that certain persons are not subject to a certain
penalty for a good faith violation arising from conformity to or reliance upon certain
opinions, interpretations, or approvals by certain persons; providing for a certain
limitation on and for the construction of this Act; and generally relating to the
limitation of the liability of lenders under the Maryland Consumer Loan
Law-Credit Provisions under certain circumstances.

BY adding to

Article - Commercial Law

Section 12-316.1

Annotated Code of Maryland

(1990 Replacement Volume and 1992 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Commercial Law

12-316.1.

(A) EXCEPT FOR A REFUND OF MONEYS COLLECTED IN VIOLATION OF THIS
SUBTITLE, LIABILITY MAY NOT BE IMPOSED UNDER THIS SUBTITLE FOR:

(1) ANY ACT PERFORMED OR OMITTED IN CONFORMITY WITH A
WRITTEN OPINION OF THE COMMISSIONER OR THE ATTORNEY GENERAL OF
MARYLAND, A REGULATION ADOPTED BY THE COMMISSIONER,—OR AN
INTERPRETATION BY THE COMMISSIONER OF A WRITTEN NOTICE OR EXAMINATION
REPORT; OR

(2) ANY FORM OR PROCEDURE WHICH HAS BEEN SUBMITTED IN
WRITING TO THE COMMISSIONER AND THE ATTORNEY GENERAL AND HAS BEEN
APPROVED BY THEM IN WRITING.

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