The written statement of reasons only meets the requirements of this subtitle if it contains the specific reasons for any adverse action taken.
Structure Maryland Statutes
Title 14 - Miscellaneous Consumer Protection Provisions
Subtitle 17 - Denial of Credit -- Disclosure
Section 14-1702 - Notice of Action Upon Application for Credit
Section 14-1703 - Contents of Statement -- in General
Section 14-1704 - Contents of Statement -- Specific Reasons for Adverse Action
Section 14-1705 - Effect of Compliance With Federal Consumer Credit Protection Act
Section 14-1706 - Complaint; Investigation and Hearing; Cease and Desist Order