VETOES

credit grantor to furnish a copy of the agreement governing the extension of credit
to the borrower in a certain manner; permitting the Commissioner of Consumer
Credit and the Bank Commissioner to order certain refunds under certain
circumstances; providing for the disposal or retention of certain repossessed
property under certain circumstances and its effect on the obligation of a consumer
borrower; transferring certain provisions relating to loan commitments relating to
certain secured loans; prohibiting a credit grantor from requiring a consumer
borrower to characterize certain loans as commercial loans; prohibiting an
agreement governing an extension of credit made under the Act from containing
certain provisions; providing certain payments shall be treated in a certain manner
by the credit grantor; requiring the credit grantor to provide a consumer borrower
with a release in a certain manner under certain circumstances; providing for
certain limitations on refinancing; providing for certain disclosures to be made to
consumer borrowers; providing that certain escrow accounts shall be maintained
and used by certain credit grantors in a certain manner; providing for refunds from
certain escrow accounts under certain circumstances; generally prohibiting lender's.
inspection fees under certain circumstances; limiting the ability of a credit grantor
to require certain borrowers to use the credit grantor's attorney or title insurance
company and providing for certain fees for certain legal services under certain
circumstances; providing for the effective dates of this bill; defining certain terms;
repealing certain obsolete provisions; generally relating to the retroactive limitation
of applicability of certain provisions related to credit and lending to certain credit
grantors who have elected to operate under the Credit Deregulation Act; and
generally relating to the prospective requirements under which a credit grantor, may
extend credit under the Credit Deregulation Act.

BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 12-913, 12-1013, and 12-1014

Annotated Code of Maryland                                                                 

(1990 Replacement Volume and 1992 Supplement)

BY repealing and reenacting, without amendments,
Article - Commercial Law
Section 12-914
Annotated Code of Maryland
(1990 Replacement Volume and 1992 Supplement)

BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 12-913, 12-1013, and 12-1014
Annotated Code of Maryland

(1990 Replacement Volume and 1992 Supplement)                            

(As enacted by Section 1 of this Act)                                                 

BY adding to                                                                     

- 3184 -

S.B. 329