§ 12–1108
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 12-1108 (2026)
Title 12. Credit Regulations
Subtitle 11. Maryland Rental-Purchase Agreement Act
§ 12–1108LinkCopy Citation
(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 in a court proceeding.