(a) When a rental-purchase agreement is satisfied and replaced by a new rental-purchase agreement between the lessor and consumer, the lessor and consumer shall negotiate a new rental-purchase agreement requiring new disclosures.
(b) The following do not require the negotiation of a new rental-purchase agreement:
(1) The addition or return of rental property under a multiple-item agreement or the substitution of the rental property, if in either case the average payment allocable to a payment period is not changed by more than 25 percent;
(2) A deferral or extension of 1 or more rental payments, or portions of a rental payment;
(3) A reduction in charges in the rental-purchase agreement; or
(4) A rental-purchase agreement involved in a court proceeding.
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