§ 12–1103
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-1103 (2026)
Title 12. Credit Regulations
Subtitle 11. Maryland Rental-Purchase Agreement Act
§ 12–1103LinkCopy Citation
(a)
(1)
A lessor shall disclose to a consumer the information required under this subtitle.
(2)
In a transaction involving more than 1 lessor, only 1 lessor need make the disclosures required under this subtitle, but all lessors shall be bound by the disclosures made.
(b)
A lessor shall make the disclosures required under this subtitle before consummation of the rental–purchase agreement.
(c)
A lessor shall:
(1)
Make the disclosures required under this subtitle in a written form that is simple and understandable and is written or typed in a size not less than 10 point type;
(2)
Make the disclosures required under this subtitle in English or in any other language used by the lessor in advertisements related to the rental–purchase transaction;
(3)
Make the disclosures required under this subtitle on the face of the rental–purchase agreement and summary of costs chart above the consumer’s signature lines; and
(4)
Deliver a copy of the rental–purchase agreement and the summary of costs chart to the consumer.
(d)
If a disclosure becomes inaccurate as a result of any act, occurrence, or agreement by the consumer after delivery of the rental property, the resulting inaccuracy is not a violation of this subtitle.