A credit grantor may at any time permit a borrower to defer scheduled payments of a loan and may, in connection with the deferral and by agreement of the credit grantor and borrower:
(1) Charge and collect deferral charges; and
(2) Require payment by the borrower of the additional cost to the credit grantor of premiums for continuing in force, until the end of the period of deferral, any insurance coverage provided in connection with the loan.
Structure Maryland Statutes
Subtitle 10 - Credit Grantor Closed End Credit Provisions
Section 12-1002 - Authorized Extensions of Credit
Section 12-1003 - Interest; Balloon Payments
Section 12-1004 - Variation in Periodic Percentage Rate
Section 12-1005 - Additional Fees and Charges
Section 12-1006 - Deferral of Scheduled Payments; Deferral Charges; Insurance Premiums
Section 12-1007 - Insurance Generally
Section 12-1007.1 - Insurance Binders
Section 12-1008 - Charges for Default or Delinquency
Section 12-1011 - Attorney's Fees; Court and Other Collection Costs
Section 12-1012 - Permitted Transactions and Charges
Section 12-1013 - Applicability of Other Laws
Section 12-1013.1 - General Provisions
Section 12-1013.2 - Delivery of Agreement, Note, or Other Evidence of Loan
Section 12-1014 - General Provisions
Section 12-1016 - Complaint Procedure
Section 12-1017 - Criminal Penalties
Section 12-1018 - Civil Penalties
Section 12-1018.1 - Civil Penalties -- Exception
Section 12-1019 - Limitation of Actions
Section 12-1020 - Limitation on Credit Grantor's Liability
Section 12-1021 - Repossession
Section 12-1022 - Definitions; Financing Agreements
Section 12-1023 - Agreement or Other Evidence of Loan
Section 12-1024 - Requirements Upon Loan Repayment
Section 12-1025 - Written Statement Informing Consumer Borrower of Interest and Charges
Section 12-1026 - Escrow Account; Interest; Separability of Funds