Volume 773, Page 3486 View pdf image |
![]() |
![]() |
![]() |
![]() |
|
S.B. 209 VETOES SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article - Commercial Law 12-115. (a) With respect to any loan made at a rate of interest pursuant to Sections (1) A lender may repossess goods securing a loan under an agreement if the (i) The payment of any sum due under the agreement; (ii) The performance of any other condition which the agreement (iii) The performance of any promise the breach of which is expressly made a ground for repossessing the goods. (2) The lender may repossess goods only by: (ii) Self-help, without use of force. (b) Nothing in this section authorizes a violation of criminal law. (e) (1) At least 10 days before he repossesses any goods, a lender may serve a (2) The notice shall: (i) State the default and any period at the end of which the goods will (ii) Briefly state the rights of the borrower in case the goods are (d) The notice may be delivered to the borrower personally or sent to him at his (e) Within 5 days after he repossesses the goods, the lender shall deliver to the (1) The fight of the borrower to redeem the goods, and the amount payable (2) The rights of the borrower as to a resale, and his liability for a - 3486 -
|
![]() | |||
![]() | ||||
![]() |
Volume 773, Page 3486 View pdf image |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.