State Codes and Statutes
Statutes > Maryland > Commercial-law > Title-14 > Subtitle-17 > 14-1702§ 14-1702. Notice of action upon application for credit.
(a) In general.- Notwithstanding any other provision of this article, within 30 days after receipt of a completed application for credit, a lender or credit grantor shall notify the applicant of its action on the application.
(b) Statement required upon adverse action or denial of application.- Notwithstanding any other provision of this article, if the lender or credit grantor has acted adversely against or denied an application for credit by a consumer, that lender must furnish the consumer with a written statement.
[1985, ch. 669.]
