Maryland Code, COMMERCIAL LAW 14-406
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Terms Used In Maryland Code, COMMERCIAL LAW 14-406
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- 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
(a) If a guarantor or provider violates any provision of this subtitle, the Attorney General may obtain a court order prohibiting the guarantor or provider from further violations.
(b) At least 7 days before the filing of an action for the order, the Attorney General shall give appropriate notice to the guarantor or provider stating generally the relief sought.
(c) The court may issue an order or render a judgment necessary to:
(1) Prevent violations of this subtitle; and
(2) Restore to the person damaged any money or property acquired by means of any practice in violation of any provision of this subtitle.