Section 12-304 - Advertising. - Maryland Statutes

§ 12-304. Advertising.
 

(a)  False advertising prohibited.- A lender may not directly or indirectly print, publish, distribute, or broadcast any false, misleading, or deceptive statement regarding the rates, terms, or conditions of a loan. 

(b)  Supervision of Commissioner over licensees.-  

(1) If charges or rates of charges are advertised by a licensee, the Commissioner may require him to state them fully and clearly in any manner the Commissioner considers necessary to prevent misunderstanding by a prospective borrower. 

(2) Subject to any condition which the Commissioner may impose to prevent a false impression regarding the scope or degree of protection provided by this subtitle, the Commissioner may permit or require a licensee to refer in his advertising to the fact that his business is under State supervision. 
 

[An. Code 1957, art. 11, § 193; 1975, ch. 49, § 3.]