MARVIN MANDEL, Governor

501

(3) THE EXACT LOCATION WHERE THE GOODS ARE
STORED AND THE ADDRESS WHERE ANY PAYMENT IS TO BE MADE OR
NOTICE DELIVERED.

REVISOR'S NOTE: This section presently appears as
Art. 83, §141.

The only changes are in style.

12-625. REPOSSESSION - BUYER'S RIGHT OF REDEMPTION.

(A) HOLDER TO RETAIN REPOSSESSED GOODS.

FOR 15 DAYS AFTER THE HOLDER GIVES THE NOTICE
REQUIRED BY §12-624(D) OF THIS SUBTITLE, THE HOLDER SHALL
RETAIN ANY REPOSSESSED GOODS IN THE COUNTY WHERE THE
GOODS WERE SOLD TO THE BUYER OR WERE REPOSSESSED.

(B) BUYER MAY REDEEM GOODS REPOSSESSED.

DURING THE PERIOD PROVIDED FOR IN SUBSECTION (A) OF
THIS SECTION, THE BUYER MAY:

(1)         REDEEM AND TAKE POSSESSION OF THE GOODS;
AND

(2)       RESUME THE PERFORMANCE OF THE AGREEMENT.

(C)       REQUIREMENTS FOR REDEMPTION.

TO REDEEM THE GOODS, THE BUYER SHALL:

(1)   TENDER THE AMOUNT DUE UNDER THE AGREEMENT
AT THE TIME OF REDEMPTION, WITHOUT GIVING EFFECT TO ANY
PROVISION WHICH ALLOWS ACCELERATION OF ANY INSTALLMENT
OTHERWISE PAYABLE AFTER THAT TIME;

(2)    TENDER PERFORMANCE OF ANY OTHER PROMISE
FOR THE BREACH OF WHICH THE GOODS WERE REPOSSESSED; AND

(3)   IF THE DISCRETIONARY NOTICE PROVIDED FOR
IN §12-624(C) OF THIS SUBTITLE WAS GIVEN, PAY THE ACTUAL
AND REASONABLE EXPENSES OF RETAKING AND STORING THE
GOODS.

(D)       EXCEPTION.

THIS SECTION DOES NOT APPLY IF THE BUYER WAS GUILTY
OF FRAUDULENT CONDUCT, INTENTIONALLY AND WRONGFULLY
CONCEALED, REMOVED, DAMAGED, OR DESTROYED THE GOODS, OR
ATTEMPTED TO DO SO, AND THE GOODS WERE REPOSSESSED
BECAUSE OF THAT CONDUCT.

REVISOR'S NOTE: This section presently appears as