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Statutes Text

Article - Commercial Law




§14–4203.

    (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.



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