§ 12-1020. Limitation on credit grantor's liability

Latest version.

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.

HISTORY: 1983, ch. 143; 1990, ch. 458.

                    
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