§ 12–1102
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-1102 (2026)
Title 12. Credit Regulations
Subtitle 11. Maryland Rental-Purchase Agreement Act
§ 12–1102LinkCopy Citation
(a)
A rental-purchase agreement that complies with this subtitle may not be deemed to be:
(1)
A “retail sale”, as defined in § 12-601(s) of this title;
(2)
An “installment sale agreement”, as defined in § 12-601(m) of this title; or
(3)
A “security interest”, as defined in § 1-201(37) of this article.
(b)
This subtitle does not apply to:
(1)
A rental-purchase agreement made primarily for business, commercial, or agricultural purposes, or made with governmental agencies, instrumentalities, or organizations;
(2)
A rental of a safe deposit box;
(3)
A lease or bailment of personal property that:
(i)
Is incidental to the rental of real property; and
(ii)
Provides that the consumer has no option to purchase the rented real property; or
(4)
A lease of an automobile.