(a) An advertisement for a rental-purchase agreement that refers to or states the dollar amount of any payment and the right to acquire ownership for any 1 specific item shall clearly and conspicuously state, as applicable:
(1) That the transaction advertised is a rental-purchase agreement;
(2) The total cost and the number of payments necessary to acquire ownership; and
(3) That the consumer acquires no ownership right if the total amount necessary to acquire ownership is not paid.
(b) Any owner, employee, or agent of any medium in which an advertisement appears or through which it is disseminated may not be liable for violations under this section.
(c) The requirements under subsection (a) of this section do not apply to an advertisement that:
(1) Does not refer to or state the amount of any payment; or
(2) Is published in the yellow pages of a telephone directory or in any similar directory of business.
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