Maryland Commercial Law Section 15-701

Article - Commercial Law

§ 15-701.

      (a)      In this subtitle the following words have the meanings indicated.

      (b)      "Consumer debt" means any debt arising from a transaction for consumer goods as defined in § 9-109 of this article.

      (c)      "Offset" means the seizure by a bank of personal property, belonging to a customer, in the bank's possession or under its control on deposit to settle delinquent debts.



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