1. (a) Except as provided in subsection (b) of this section, a holder may not directly or indirectly contract for, charge, or receive from a buyer or a surety for a buyer on account of or in connection with any agreement, any charge or amount for the extension of credit, interest, fees, commissions, delinquency, collection, repossession, and foreclosure or otherwise.

2. (b) A holder may charge the buyer the following charges or fees:

   1. (1) Subject to the provisions of § 12-630 of this subtitle, the time balance of an installment sale agreement;

   2. (2) If allowed by a court as costs, the official fees paid to a public official in connection with a proceeding to:

      1. (i) Recover possession of the goods;
      2. (ii) Enforce any obligation of the buyer or his surety; or
      3. (iii) Realize on any security interest or collateral security;
   3. (3) If no charge was made in the agreement on account of the insurance for the period covered, the premiums for insurance as provided by § 12-613 of this subtitle;
   4. (4) The amount paid for copies of agreements and statements of accounts pursuant to § 12-621 of this subtitle;

   5. (5) Charges permitted by:

      1. (i) §§ 12-623 and 12-626 of this subtitle for delinquencies and repossession expenses; and
      2. (ii) Law for extensions and refunds; and
   6. (6) An amount not exceeding $15 if payment is made with a check that is dishonored on the second presentment.

Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 1979, c. 357; Acts 1984, c. 217; Acts 1991, c. 432; Acts 1993, c. 5, § 1.

Formerly Art. 83, § 133.