Maryland Statutes
Subtitle 11 - Maryland Rental-Purchase Agreement Act
Section 12-1103 - Disclosures -- in General

(a)    (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.

Structure Maryland Statutes