Maryland Commercial Law Section 12-1103

Article - Commercial Law

§ 12-1103.

      (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 on the face of the rental-purchase agreement above the consumer's signature line; and

            (3)      Deliver a copy of the rental-purchase agreement 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.



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