Maryland Code, COMMERCIAL LAW 14-1703
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, COMMERCIAL LAW 14-1703
- Grantor: The person who establishes a trust and places property into it.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
The written statement required by § 14-1702 of this subtitle shall disclose to the applicant:
(1) The applicant’s right to a statement of reasons within 30 days after receipt by the lender or credit grantor of a request made within 60 days after notification, made under § 14-1702(a) of this subtitle;
(2) The identity of the person or office from which the statement of reasons may be obtained; and
(3) The right of the applicant to have the statement of reasons confirmed in writing on written request.