Maryland Statutes

§ 14-4202

Maryland·Article gcl Commercial Law·Title 14
(a)In this section, “steer” means, in connection with a consumer credit transaction secured by a mobile home, to direct a prospective consumer borrower to complete a transaction in any way based on the fact that a mobile home retailer will receive compensation, directly or indirectly, from a lender or credit grantor that is in excess of any compensation or gain received in a comparable cash transaction.
(b)A mobile home retailer:
(1)Has a duty of good faith and fair dealing in providing financial information to a prospective consumer borrower, including providing financial information in a manner that is not misleading or deceptive and that discloses all material facts;
(2)May not steer a prospective consumer borrower to financing products that offer

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Nearby Sections

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