(Photo: photocritical/Shutterstock.com) In Santander Class Action, State Appeals Court Clarifies Treble Damage Calculation for Creditors Who Charge Unlawful Fees
The Maryland Court of Appeals, answering a certified question of law from the U.S. District Court for the District of Maryland, has ruled that a creditor who violates the Credit Grantor Closed End Credit Provisions (CLEC) by charging unlawful fees is required to return three times the amount of those fees.
May 18, 2022 at 01:55 PM
3 minute read
The Maryland Court of Appeals, answering a certified question of law from the U.S. District Court for the District of Maryland, has ruled that a creditor who violates the Credit Grantor Closed End Credit Provisions (CLEC) by charging unlawful fees is required to return three times the amount of those fees.
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