clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1986
Volume 768, Page 2846   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

2846                                          LAWS OF MARYLAND                                      Ch. 750

(a) 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) 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) 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)  This section does not apply if:

(1) 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; [or]

(2) The THE goods were seized by a police department,
bureau, or force and the goods were repossessed because of that
seizure, in which event, the buyer shall have no right to redeem
or take possession, even if the buyer tenders payment of the
entire balance due under the agreement; OR

(3) THE GOODS HAVE BEEN PREVIOUSLY REPOSSESSED FROM
THE BUYER, IN WHICH EVENT THE HOLDER SHALL HAVE THE RIGHT TO
REQUIRE THE BUYER TO TENDER PAYMENT OF THE ENTIRE BALANCE DUE
UNDER THE AGREEMENT IN ORDER TO REDEEM AND TAKE POSSESSION OF THE
GOODS. .

(E) NOTWITHSTANDING SUBSECTIONS (B) AND (C) OF THIS
SECTION;

(1) THE HOLDER SHALL HAVE THE RIGHT TO REQUIRE THE
BUYER TO TENDER PAYMENT OF THE ENTIRE BALANCE DUE UNDER THE
AGREEMENT IF;

(I) THE DATE OF THE DEFAULT IN THE PAYMENTS DUE
UNDER THE AGREEMENT THAT LED TO THE PRESENT REPOSSESSION OCCURRED
WITHIN 18 MONTHS AFTER THE LAST REPOSSESSION; OR

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1986
Volume 768, Page 2846   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives