Ch. 6

LAWS OF MARYLAND

consideration in excess of 20 percent of the wholesale value of
the vehicle as shown in the official used car guide of the
National Automobile Dealer's Association (N.A.D.A.), taking into
account accessories and mileage plus any costs incurred by the
lessor in repairing and servicing the vehicle in anticipation of
a lease.

(2) "Lease" does not include a lease intended as
security as defined in § 11-127.1(b) of the Transportation
[Article; or] ARTICLE.

DRAFTER'S NOTE:

Error: Stylistic error in § 14-2001(c)(1)(iii) and
erroneous punctuation in § 14-2001(c)(2) of the
Commercial Law Article.

Occurred: Ch. 577, Acts of 1987.

14-2002.

(b) (2) (i) The amount described in [(1)] PARAGRAPH (1) OF
THIS SUBSECTION shall be itemized and shall include all moneys
owed under the lease.                                                                          

DRAFTER'S NOTE:

Error: Stylistic error in § 14-2002(b)(2)(i) of the
Commercial Law Article.

Occurred: Ch. 577, Acts of 1987.

14-2004.

(a) To the extent that §§ 2-313 through 2-318, inclusive,
of [the Commercial Law Article] THIS ARTICLE apply to the
purchase of a motor vehicle, the rights and remedies provided for
in those sections shall apply to the lease of a motor vehicle and
may be exercised by any lessee.

DRAFTER'S NOTE:

Error: Stylistic error in § 14-2004(a) of the
Commercial Law Article.

Occurred: Ch. 577, Acts of 1987.

(d) (3) If a manufacturer, factory branch, dealer, or
lessor[,] accepts return of a motor vehicle as described under
paragraph (l)(i) of this subsection, the lessee may not be
obligated to pay any penalties, early termination fees, or other
charges as a consequence of the return of the vehicle.

- 986 -