§ 14–1701
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 14-1701 (2026)
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 17. Denial of Credit -- Disclosure
§ 14–1701LinkCopy Citation
(a)
In this subtitle the following terms have the meanings indicated.
(b)
(1)
“Adverse action” means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested.
(2)
“Adverse action” does not include a refusal to extend additional credit under an existing credit arrangement where the applicant is delinquent or otherwise in default, or where such additional credit would exceed a previously established credit limit.
(c)
“File” means file as defined in § 14–1201(h) of this title.
(d)
“Lender” or “credit grantor” means:
(1)
Any lender or credit grantor regulated under Title 12 of this article; or
(2)
A credit union making a loan under § 6–601(e) of the Financial Institutions Article.