2020 Maryland Statutes
Commercial Law
Title 12 - Credit Regulations
Subtitle 11 - Maryland Rental-Purchase Agreement Act
Section 12-1102 - Effect and Applicability of Subtitle

    (a)    A rental-purchase agreement that complies with this subtitle may not be deemed to be:

        (1)    A “retail sale”, as defined in § 12-601(s) of this title;

        (2)    An “installment sale agreement”, as defined in § 12-601(m) of this title; or

        (3)    A “security interest”, as defined in § 1-201(37) of this article.

    (b)    This subtitle does not apply to:

        (1)    A rental-purchase agreement made primarily for business, commercial, or agricultural purposes, or made with governmental agencies, instrumentalities, or organizations;

        (2)    A rental of a safe deposit box;

        (3)    A lease or bailment of personal property that:

            (i)    Is incidental to the rental of real property; and

            (ii)    Provides that the consumer has no option to purchase the rented real property; or

        (4)    A lease of an automobile.