Md. Code, Com. Law § 12-1108

Maryland · Maryland Code, Commercial Law · Status: effective

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Citation: Md. Code, Com. Law § 12-1108, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1758086
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(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.