A credit grantor is not liable for any failure to comply with a provision of this subtitle if, within 60 days after discovering an error and prior to institution of an action under this subtitle or the receipt of written notice from the borrower, the credit grantor notifies the borrower of the error and makes whatever adjustments are necessary to correct the error.
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