Maryland Statutes
Title 12 - Credit Regulations
Subtitle 6 - Retail Installment Sales

Part I - Definitions

Section 12-601 - Definitions - (a) In this subtitle the following words have the meanings...

Part II - Installment Sales

Section 12-602 - False Advertising Prohibited - A seller or sales finance company may not make in...

Section 12-603 - Discrimination Prohibited - A seller or sales finance company may not discriminate against...

Section 12-604 - Form of Installment Sale Agreement - An installment sale agreement shall be evidenced by an instrument...

Section 12-605 - Delivery of Installment Sale Agreement and Receipt; Right to Cancel - (a) (1) At or before the time the buyer signs...

Section 12-606 - Disclosures Required in Installment Sale Agreement - (a) An installment sale agreement shall: (1) State the full...

Section 12-607 - Provisions Not Allowed in Instruments - (a) A holder may not take or receive any instrument...

Section 12-608 - Catalog Sale - (a) This section applies to an installment sale agreement negotiated...

Section 12-609 - Motor Vehicles - (a) The finance charge imposed on the sale of a...

Section 12-610 - Consumer Goods -- Maximum Finance Charge - Except as provided in § 12-609 of this subtitle as...

Section 12-610.1 - Consumer Goods -- Refinancing of Agreement at Higher Rate - Any agreement made before July 1, 1982, which is refinanced...

Section 12-610.2 - Consumer Goods -- Change in Finance Charge Prohibited - A holder may not enter into a retail installment sales...

Section 12-611 - Consumer Goods -- Computation of Finance Charge; Payment of Installments; Payment After Assignment - (a) (1) The finance charge under an installment sale agreement...

Section 12-612 - Consumer Goods -- Prepayment - (a) Notwithstanding the provisions of § 12-601(k) of this subtitle,...

Section 12-613 - Insurance - (a) The provisions of this section are in addition to...

Section 12-614 - Additional Charges - (a) Except as provided in subsection (b) of this section,...

Section 12-615 - Refund of Deposit - (a) (1) If, in addition to any down payment, a...

Section 12-616 - Credit for Recording and Filing Fees - (a) If the holder does not pay out to a...

Section 12-617 - Payments and Receipts - (a) (1) If a payment is made on account of...

Section 12-618 - Add-on Contract - (a) In this section, “add-on contract” means an installment sale...

Section 12-619 - Extension of Due Date or Deferral of Payments - (a) The holder of an installment sale agreement on which...

Section 12-620 - Prepayment - (a) Notwithstanding the provisions of § 12-601(k) of this subtitle...

Section 12-621 - Statement of Account - (a) At any time after execution of an agreement, but...

Section 12-622 - Cancellation of Contract and Release of Security - (a) (1) After the buyer has paid all sums due...

Section 12-623 - Delinquency Charge; Attorney's Fees and Court Costs - (a) If an agreement on which the finance charge is...

Section 12-624 - Repossession -- Holder's Right to Repossess - (a) The holder may repossess goods sold under an agreement...

Section 12-625 - Repossession -- Buyer's Right of Redemption - (a) For 15 days after the holder gives the notice...

Section 12-626 - Repossession -- Resale of Goods - (a) Subject to the provisions of subsection (b) of this...

Section 12-627 - Repossession -- Discharge of Agreement in Absence of Resale - If there is no resale of repossessed goods under §...

Section 12-628 - Promissory Note - (a) If, as part of an installment sale, a promissory...

Section 12-629 - Waiver by Buyer Invalid - No act, agreement, or statement of a buyer in an...

Section 12-630 - Violation of Subtitle - (a) Except as provided by subsections (b) and (c) of...

Section 12-631 - Jurisdiction of Commissioner of Financial Regulation - (a) If a complaint for violation of any provision of...

Part III - Sales Finance Companies -- Renewals, Extensions, or Refunds

Section 12-632 - Permitted Transactions - In connection with an installment sale agreement, a sales finance...

Section 12-633 - Written Agreement - (a) (1) Except as provided in paragraph (2) of this...

Section 12-634 - Permitted Charges - (a) A sales finance company may charge the buyer for...

Section 12-635 - Prepayment - (a) A sales finance company shall permit a buyer to...

Part IV - Penalties

Section 12-636 - Penalties - (a) Any person who knowingly violates or participates in the...