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Can I offer discounts or promotions without violating pricing laws in Maryland? What are the requirements?

Maryland Pricing Laws and Regulations

In Maryland, the prohibition of rebates, discounts, and inducements in the title insurance industry is allowed [2]([2]). However, it is important to note that pricing laws and regulations may vary depending on the industry.

Requirements for Offering Discounts or Promotions

To ensure compliance with pricing laws and regulations in Maryland, it is recommended to consult with a legal professional. However, some general requirements for offering discounts or promotions include:

  • The discount or promotion must be truthful and not misleading to consumers [1]([1]).
  • Relevant information about the discount or promotion must be disclosed to consumers [1]([1]).
  • The discount or promotion must not violate any state or local laws [3]([3]).
  • If the discount or promotion is offered by an investment adviser or financial planner, they must provide a client with Form ADV, Part II, or other disclosure document no later than the time of entering into a contract [5]([5]).

It is important to note that these requirements may not be exhaustive and may vary depending on the industry. Therefore, it is recommended to consult with a legal professional to ensure compliance with pricing laws and regulations in Maryland.

Source(s):
Jurisdiction

Maryland