Md. Code, Com. Law § 12-1107
Md. Code, Com. Law § 12-1107
Maryland · Maryland Code, Commercial Law · Status: effective
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- Citation
- Md. Code, Com. Law § 12-1107, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1758085
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Full text
(a) A lessor shall provide the consumer with a written receipt for each payment under a rental–purchase agreement made in person by cash or money order, or, if the payment is made in any other form, on request.
(b) The written receipt shall contain the:
(1) Total amount paid;
(2) Total amount due that week or month; and
(3) Total remaining rental payments necessary to acquire ownership of the item.
(c) The lessor shall provide the consumer with a written statement of account within 3 days after the consumer’s request.