Williams v. Lendmark Fin. Serv.

Plaintiff filed suit against Lendmark under Maryland’s Credit Grantor Closed End Credit Provisions (CLEC), Md. Code Ann., Com. Law 12-1001 et seq., challenging the manner in which Lendmark charged and applied late fees towards her personal loan of roughly $2,600. The district court entered judgment for Lendmark. The court concluded that Lendmark was not entitled to charge a late fee in December 2010 or February 2011, or in any month in which plaintiff paid an installment timely and in full. Because the court held that the complaint alleging these facts states a plausible claim for relief, the court reversed the district court's dismissal of this claim and remanded for further proceedings. The court affirmed as to the remainder of plaintiff's claims. View "Williams v. Lendmark Fin. Serv." on Justia Law