PARRIS N. GLENDENING, Governor
Ch. 326
(ix) 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] OF
FINANCIAL REGULATION 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] OF FINANCIAL
REGULATION 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.
12-301.
(b) "Commissioner" means the Commissioner [of Consumer Credit] OF
FINANCIAL REGULATION.
12-514.
(a) If a complaint for violation of any provision of this subtitle is filed with the
Commissioner [ of Consumer Credit] OF FINANCIAL REGULATION, he may investigate
the complaint and hold a hearing on it in accordance with § 11-413 of the Financial
Institutions Article.
[(e) For purposes of this section, the Commissioner's order may not apply to any:
(1) Incorporated bank, savings institution, or trust company; or
(2) A savings and loan association.]
12-631.
(a) If a complaint for violation of any provision of Part II of this subtitle is filed
with the Commissioner [ of Consumer Credit] OF FINANCIAL REGULATION, he may
investigate the complaint and hold a hearing on it in accordance with § 11-413 of the
Financial Institutions Article.
[(e) For the purposes of this section, the Commissioner's order may not apply to
any:
(1) Incorporated bank, savings institution, or trust company;
(2) A savings and loan association; or
(3) A federal credit union or State chartered credit union.]
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