<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="12-1109" title_number="12" title_name="Credit Regulations" subtitle_number="11" subtitle_name="Maryland Rental-Purchase Agreement Act">
  <level label="a">
    <text>An advertisement for a rental-purchase agreement that refers to or states the dollar amount of any payment and the right to acquire ownership for any 1 specific item shall clearly and conspicuously state, as applicable:</text>
    <level label="1">
      <text>That the transaction advertised is a rental-purchase agreement;</text>
    </level>
    <level label="2">
      <text>The total cost and the number of payments necessary to acquire ownership; and</text>
    </level>
    <level label="3">
      <text>That the consumer acquires no ownership right if the total amount necessary to acquire ownership is not paid.</text>
    </level>
  </level>
  <level label="b">
    <text>Any owner, employee, or agent of any medium in which an advertisement appears or through which it is disseminated may not be liable for violations under this section.</text>
  </level>
  <level label="c">
    <text>The requirements under subsection (a) of this section do not apply to an advertisement that:</text>
    <level label="1">
      <text>Does not refer to or state the amount of any payment; or</text>
    </level>
    <level label="2">
      <text>Is published in the yellow pages of a telephone directory or in any similar directory of business.</text>
    </level>
  </level>
</section>
