Maryland Statutes

§ 12-1108

Maryland·Article gcl Commercial Law·Title 12
(a)When a rental-purchase agreement is satisfied and replaced by a new rental-purchase agreement between the lessor and consumer, the lessor and consumer shall negotiate a new rental-purchase agreement requiring new disclosures.
(b)The following do not require the negotiation of a new rental-purchase agreement:
(1)The addition or return of rental property under a multiple-item agreement or the substitution of the rental property, if in either case the average payment allocable to a payment period is not changed by more than 25 percent;
(2)A deferral or extension of 1 or more rental payments, or portions of a rental payment;
(3)A reduction in charges in the rental-purchase agreement; or
(4)A rental-purchase agreement involved

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Nearby Sections

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§ 12-1001
§ 12-1001
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§ 12-1007.1
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§ 12-1008
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§ 12-1012
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