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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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COMMERCIAL LAW |
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TITLE 14. MISCELLANEOUS CONSUMER PROTECTION PROVISIONS |
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SUBTITLE 17. DENIAL OF CREDIT -- DISCLOSURE |
§ 14-1703. Contents of statement -- In general
Latest version.
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The written statement required by § 14-1702 of this subtitle shall disclose to the applicant:
(1) The applicant's right to a statement of reasons within 30 days after receipt by the lender or credit grantor of a request made within 60 days after notification, made under § 14-1702(a) of this subtitle;
(2) The identity of the person or office from which the statement of reasons may be obtained; and
(3) The right of the applicant to have the statement of reasons confirmed in writing on written request.