Current with changes from the 2024 Legislative Session
Section 14-4203 - Form of written statement(a)(1) The statement required under § 14-4202(b)(3) of this subtitle shall be on a form prescribed by the Commissioner by regulation.(2) If the form prescribed by the Commissioner is included in other documents provided by the mobile home retailer to a prospective consumer borrower, the form shall be conspicuous, such as through the use of a different font or separated with a box around it.(b) The statement required under § 14-4202(b)(3) of this subtitle shall include:(1) A disclosure that describes any corporate affiliation between the mobile home retailer and a financing source about which the mobile home retailer provides information to the prospective consumer borrower;(2) A disclosure that the prospective consumer borrower may obtain financing from any lender and is not required to obtain financing from a lender suggested by the mobile home retailer; and(3) Information regarding the rights of a prospective consumer borrower under this subtitle and the procedure for filing a complaint with the Commissioner.(c) The mobile home retailer shall provide the statement required under § 14-4202(b)(3) of this subtitle:(1) To a prospective consumer borrower at the time the mobile home retailer provides information to the prospective consumer borrower regarding financing or potentially available lenders; and(2) By posting the statement in a prominent location at all of the mobile home retailer's places of business and on the mobile home retailer's website, if any.Added by 2020 Md. Laws, Ch. 49,Sec. 1, eff. 10/1/2020.Added by 2020 Md. Laws, Ch. 48,Sec. 1, eff. 10/1/2020.