§ 12–1107
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-1107 (2026)
Title 12. Credit Regulations
Subtitle 11. Maryland Rental-Purchase Agreement Act
§ 12–1107LinkCopy Citation
(a)
A lessor shall provide the consumer with a written receipt for each payment under a rental–purchase agreement made in person by cash or money order, or, if the payment is made in any other form, on request.
(b)
The written receipt shall contain the:
(1)
Total amount paid;
(2)
Total amount due that week or month; and
(3)
Total remaining rental payments necessary to acquire ownership of the item.
(c)
The lessor shall provide the consumer with a written statement of account within 3 days after the consumer’s request.