Unannotated Code of Maryland (Last Updated: May 16, 2014) |
COMMERCIAL LAW |
TITLE 12. CREDIT REGULATIONS |
SUBTITLE 6. RETAIL INSTALLMENT SALES |
PART II. INSTALLMENT SALES |
§ 12-616. Credit for recording and filing fees
Latest version.
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(a) Credit for fees not paid out. -- If the holder does not pay out to a public official the full amount charged to the buyer for filing and recording instruments, the buyer shall receive credit for the amount so charged to him and not paid out.
(b) Credit to be made against last installment. -- The holder shall credit the amount of the overcharge against the last installment or installments under the agreement.