§ 15–701
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 15-701 (2026)
Title 15. Debt Collection -- Special Provisions
Subtitle 7. Offsets
§ 15–701LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
“Consumer debt” means any debt arising from a transaction for consumer goods as defined in § 9-109 of this article.
(c)
“Offset” means the seizure by a bank of personal property, belonging to a customer, in the bank’s possession or under its control on deposit to settle delinquent debts.