Maryland Code, FINANCIAL INSTITUTIONS 12-1012.1
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 12-1012.1
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
A debt settlement services provider engaged in student education loan debt relief may not:
(1) Advise, expressly or by implication, that a consumer stop making payments or stop communicating with the consumer’s student loan servicer; or
(2) Access or obtain a consumer’s student aid information in violation of federal law.