(a) Any person claiming against the surety bond for a violation of this subtitle may maintain an action against the credit services business and against the surety.
(b) The surety shall be liable only for actual damages and not for the punitive damages permitted under § 14-1912 of this subtitle.
(c) The aggregate liability of the surety to all persons damaged by a credit services business’s violation of this subtitle may not exceed the amount of the surety bond.
Structure Maryland Statutes
Title 14 - Miscellaneous Consumer Protection Provisions
Subtitle 19 - Maryland Credit Services Businesses Act
Section 14-1903 - Application of Subtitle; Licenses
Section 14-1903.1 - Advertisements of Credit Services Business
Section 14-1904 - Information Statement
Section 14-1905 - Information to Be Included in Information Statement
Section 14-1906 - Contract With Consumer
Section 14-1907 - Violations; Void Contracts; Waivers; Burden of Proof
Section 14-1908 - Surety Bonds -- Requirement
Section 14-1909 - Surety Bonds -- Issuance
Section 14-1910 - Surety Bonds -- Claims Against
Section 14-1912 - Failure to Comply With Requirements
Section 14-1913 - Limitation of Actions for Enforcement of Liability
Section 14-1914 - Actions Under Consumer Protection Act