§ 12-1107
91 words·~1 min read·
/md/commercial-law/12-1107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–1107.
(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.