§ 12-1103
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/md/commercial-law/12-1103·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–1103.
(1)A lessor shall disclose to a consumer the information required under this subtitle.
(2)In a transaction involving more than 1 lessor, only 1 lessor need make the disclosures required under this subtitle, but all lessors shall be bound by the disclosures made.
(b)A lessor shall make the disclosures required under this subtitle before consummation of the rental–purchase agreement.
(c)A lessor shall:
(1)Make the disclosures required under this subtitle in a written form that is simple and understandable and is written or typed in a size not less than 10 point type;
(2)Make the disclosures required under this subtitle in English or in any other language used by the lessor in advertisements related to the rental–purchase transaction;
(3)Make the disclosures required under this subtitle on the face of the rental–purchase agreement and summary of costs chart above the consumer’s signature lines; and
(4)Deliver a copy of the rental–purchase agreement and the summary of costs chart to the consumer.
(d)If a disclosure becomes inaccurate as a result of any act, occurrence, or agreement by the consumer after delivery of the rental property, the resulting inaccuracy is not a violation of this subtitle.