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Session Laws, 1999
Volume 796, Page 2056   View pdf image
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(B) A CONSUMER TRANSACTION SUBJECT TO THIS TITLE MAY ALSO BE
SUBJECT TO OTHER. STATUTES OF THIS STATE THAT OR REGULATIONS WHICH
ESTABLISH DIFFERENT RULES FOR THE CREATION, PERFECTION, PRIORITY, OR
ENFORCEMENT OF SECURITY INTERESTS, INCLUDING
SUBTITLES 1, 6, 9, AND 10 OF
TITLE 12 OF THIS ARTICLE
CONSUMERS, INCLUDING OTHER STATUTES OR
REGULATIONS THAT REGULATE THE RATES, CHARGES, AGREEMENTS, AND
PRACTICES FOR LOANS. CREDIT SALES, OR OTHER EXTENSIONS OF CREDIT AND
CONSUMER PROTECTION STATUTES OR REGULATIONS.

(C) (1) THIS TITLE DOES NOT APPLY TO A CONSUMER TRANSACTION
SUBJECT TO A STATUTE IDENTIFIED OR DESCRIBED IN SUBSECTION (B) TO THE
EXTENT THAT THE STATUTE EXPRE
SSLY. GOVERNS THE CREATION. PERFECTION,
PRIORITY, OR ENFORCEMENT OF A
SECURITY INTEREST IN CASE OF CONFLICT
BETWEEN THIS TITLE AND A STATUTE OR REGULATION DESCRIBED IN SUBSECTION
(B), THE STATUTE OR REGULATION CONTROLS.

(2) FAILURE TO COMPLY WITH A STATUTE IDENTIFIED OR REGULATION
OR DESCRIBED IN SUBSECTION (B) HAS ONLY THE EFFECT THE STATUTE SPECIFIES
AND NO RECOVERY FOR SUCH A FAILURE IS PERMITTED UNDER THIS TITLE.

(3) WITHOUT LIMITING THE GENERALITY OF PARAGRAPH (1) OR (2) OF
THIS SUBSECTION, SUBTITLE 6 OF THIS TITLE DOES NOT IMPOSE ADDITIONAL
DUTIES, OBLIGATIONS, OR RESPONSIBILITIES ON SECURED PARTIES SUBJECT TO §
12-115, §§ 12-624 THROUGH 12-627, § 12-921, OR § 12-1021 OF THIS ARTICLE AND NO
RECOVERY UNDER § 9-625 OF THIS TITLE IS PERMITTED FOR ANY FAILURE TO
COMPLY WITH THOSE STATUTES.

(D) THIS TITLE DOES NOT:

(1) VALIDATE ANY RATE, CHARGE, AGREEMENT, OR PRACTICE THAT
VIOLATES A STATUTE IDENTIFIED OR DESCRIBED IN SUBSECTION (B);

(2) EXTEND THE APPLICATION OF ANY RULE OF LAW, STATUTE, OR
REGULATION TO A TRANSACTION NOT OTHERWISE SUBJECT TO IT; OR

(3) AUTHORIZE OR PERMIT THE APPLICATION OF ANY PROVISION OF
THIS TITLE WHICH IS APPLICABLE TO A CONSUMER TRANSACTION, OR TO ANY
OTHER TRANSACTION WITH A CONSUMER OBLIGOR, TO ANY TRANSACTION OTHER
THAN A CONSUMER TRANSACTION.

9-202. TITLE TO COLLATERAL IMMATERIAL.

EXCEPT AS OTHERWISE PROVIDED WITH RESPECT TO CONSIGNMENTS OR
SALES OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, OR PROMISSORY
NOTES, THE PROVISIONS OF THIS TITLE WITH REGARD TO RIGHTS AND OBLIGATIONS
APPLY WHETHER TITLE TO COLLATERAL IS IN THE SECURED PARTY OR THE DEBTOR

 

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Session Laws, 1999
Volume 796, Page 2056   View pdf image
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