(a) The credit grantor shall deliver a copy of the agreement governing the plan to the borrower no later than 30 days after the credit grantor establishes the account governed by the agreement for the borrower’s use.
(b) If there is more than one borrower, a copy of the agreement governing the plan may be delivered to any borrower who is primarily liable on the account.
(c) Written acknowledgment by a borrower of delivery in accordance with this section of a copy of the agreement governing the plan is conclusive proof of delivery as between the borrower and any assignee of the account established under the plan without actual knowledge to the contrary.
Structure Maryland Statutes
Subtitle 9 - Credit Grantor Revolving Credit Provisions
Section 12-902 - Authorized Extensions of Credit
Section 12-903 - Interest and Finance Charges
Section 12-904 - Variation in Periodic Percentage Rate
Section 12-905 - Additional Fees and Charges
Section 12-906 - Plan Authorizing Both Loans and Purchases
Section 12-907 - Plan Connected With Demand Deposit Account
Section 12-908 - Deferral of Scheduled Payments; Deferral Charge
Section 12-909 - Insurance Generally
Section 12-909.1 - Insurance Binders
Section 12-910 - Charges for Default or Delinquency
Section 12-911 - Attorney's Fees; Court or Other Collection Costs
Section 12-912 - Amendment of Plan Agreement
Section 12-913 - Applicability of Other Laws
Section 12-913.1 - Election of Applicable Laws
Section 12-913.2 - Delivery of Plan Agreement; Proof of Delivery
Section 12-914 - General Provisions
Section 12-916 - Complaint Procedure
Section 12-917 - Criminal Penalties
Section 12-918 - Civil Penalties
Section 12-918.1 - Civil Penalties -- Exception
Section 12-919 - Limitation of Actions
Section 12-920 - Limitation on Credit Grantor's Liability
Section 12-922 - Definitions; Financing Agreements
Section 12-923 - Agreements Governing Revolving Credit Plans
Section 12-924 - Release of Lien Securing Extension of Credit
Section 12-925 - Credit Grantor to Consider Borrower's Ability to Repay Loan