§ 12-1102
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/md/commercial-law/12-1102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–1102.
(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.