(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.
Structure Maryland Statutes
Subtitle 11 - Maryland Rental-Purchase Agreement Act
Section 12-1102 - Effect and Applicability of Subtitle
Section 12-1103 - Disclosures -- in General
Section 12-1104 - Disclosures -- Specific Information; Tags
Section 12-1105 - Prohibited Provisions
Section 12-1106 - Reinstatement; Repossession of Property
Section 12-1106.1 - Maintenance of Copy of Rental-Purchase Agreement
Section 12-1108 - New Rental-Purchase Agreements
Section 12-1109 - Advertisements
Section 12-1110 - Penalties; Exceptions
Section 12-1110.1 - Recovery of Property Subject to Rental-Purchase Agreement
Section 12-1111 - Form for Disclosures