(a) The seller may not increase the layaway price of the consumer goods sold under a layaway agreement.
(b) If, within 10 calendar days after the execution of a layaway agreement, the seller reduces the selling price of existing items in his stock or inventory identical to those being held for a buyer, the seller shall credit the buyer for the difference between the original layaway price and the reduced price.
Structure Maryland Statutes
Title 14 - Miscellaneous Consumer Protection Provisions
Section 14-1102 - Layaway Agreement to Be in Writing and Signed
Section 14-1103 - Contents of Agreement
Section 14-1104 - Duties of Seller
Section 14-1105 - Increasing or Reducing Price
Section 14-1106 - Default by Buyer; Cancellation of Agreement Before Default
Section 14-1107 - Rights and Remedies of Seller Upon Default Under Special Order Transaction
Section 14-1108 - Retail Installment Sales Act Inapplicable