Maryland § 12-513
Full text of Maryland Maryland Code § 12-513, with citation guidance and answers to common questions.
§ 12-513.
(a) Except as provided in subsection (b) of this section, if a holder violates any provision of this subtitle, no holder may collect or receive any finance charge from the buyer.
(b) (1) If the seller or any subsequent holder unintentionally and in good faith fails to comply with any provision of §§ 12-504 through 12-507 of this subtitle, the holder may correct the error within 10 days after:
(i) He notices it; or
(ii) The buyer notifies him in writing of the error.
(2) If the holder corrects the error within the 10-day period, he may not be subject to any penalty under this subtitle.
Frequently Asked Questions About Maryland § 12-513
What does Maryland Code § 12-513 cover?
Section 12-513 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 12-513?
A common citation format is "Maryland Code § 12-513" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-513 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.