Maryland Commercial Law Section 12-1108

Article - Commercial Law

§ 12-1108.

      (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.



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