1. A. If the Commissioner finds that a person is in the business of making loans that are usurious or otherwise void or unenforceable under Maryland law or can use information in credit reports in connection with the making of loans that are usurious or otherwise void or unenforceable under Maryland law, and issues a written order to a consumer reporting agency not to furnish credit reports to that person, the consumer reporting agency shall comply with the order within 30 days of receipt of the written order.
2. B. If the Commissioner finds that a loan is usurious or otherwise void or unenforceable under Maryland law or that a person is in the business of making loans that are usurious or otherwise void under Maryland law, and issues a written order to a consumer reporting agency prohibiting the consumer reporting agency from including the loan in a consumer’s file, the consumer reporting agency shall comply with the written order within 30 days of receipt of the written order.

Authority: Business Regulation Article, §2-105; Commercial Law Article, §§14-1216(b) and (e), 14-1217(b)(9) and (10) and (d), 14-1218(e), and 14-1226(f) and (g); Financial Institutions Article, §2-105.1(b) and (c); Annotated Code of Maryland

Effective date: June 6, 1994 (21:11 Md. R. 950)

Chapter recodified from COMAR 09.04.07 to COMAR 09.03.07, April, 1998

Chapter revised effective October 19, 2020 (47:21 Md. R. 903)