Maryland Code, COMMERCIAL LAW 14-1910
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Terms Used In Maryland Code, COMMERCIAL LAW 14-1910
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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) Any person claiming against the surety bond for a violation of this subtitle may maintain an action against the credit services business and against the surety.
(b) The surety shall be liable only for actual damages and not for the punitive damages permitted under § 14-1912 of this subtitle.
(c) The aggregate liability of the surety to all persons damaged by a credit services business’s violation of this subtitle may not exceed the amount of the surety bond.