S.B. 329                                                    VETOES

(d)     (1) If no appeal is filed, the order becomes final after expiration of the time
allowed by the Administrative 'Procedure Act for appeals from the Commissioner's
orders.

(2) If an appeal is filed, the order becomes final after final decision of the
court affirming the order or dismissing the appeal.

(e)     For purposes of this section[, the Commissioner's jurisdiction may]:

(1)      "COMPLAINING PARTY" MEANS AN INDIVIDUAL WHO FILES A
WRITTEN COMPLAINT WITH THE COMMISSIONER PURSUANT TO THIS SECTION.

(2)      "COMMISSIONER" MEANS, AND THE RIGHTS OF THE
"COMMISSIONER" VEST EXCLUSIVELY IN, THE BANK COMMISSIONER IF THE
COMPLAINT IS FILED AGAINST A BANKING INSTITUTION OR A STATE-CHARTERED
BANK, TRUST COMPANY, SAVINGS BANK, OR CREDIT UNION.

        (3) THE JURISDICTION OF THE COMMISSIONER OF CONSUMER CREDIT

DOES not apply to any:                                                                                         

[(1)](I) Incorporated bank, savings institution, or trust company;

[(2)](II) Savings and loan association; or

[(3)] (III) Federal or State credit union.

12-1018.

(a) (1) In this subsection, "notice" means the first to occur of the following:

(i) When the credit grantor receives a written notice from the
borrower notifying the credit grantor of an error or violation;.

(ii) When the credit grantor receives a written notice from the
Commissioner of Consumer Credit or the appropriate regulatory authority notifying the
credit grantor of an error or violation; or

(iii) When the credit grantor receives service of process in a civil action
for an error or violation instituted by the borrower in a court of competent jurisdiction.

(2)     Except for a bona fide error of computation, if a credit grantor violates
any provision of this subtitle the credit grantor may collect only the principal amount of
the loan and may not collect any interest, costs, FEES, or other charges with respect to the
loan.                                                                                                                 

(3)     The penalty provided under paragraph (2) of this subsection does not
apply where a credit grantor:

(i) Unintentionally and in good faith fails to comply with § 1-2-1003, §
12-1004, § 12-1005, § 12-1008, [or] § 12-1011 § 12-1013.2, § 12-1023(E), § 12-1024, §
12-1025, § 12-1026, § 12-1027, OR § 12-1028 of this subtitle; and             

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