WILLIAM DONALD SCHAEFER, Governor

Ch. 620

CHAPTER 620

(Senate Bill 819)

AN ACT concerning

Maryland Rental-Purchase Agreement Act

FOR the purpose of requiring certain lessors of personal property
to disclose certain information in a rental-purchase
agreement; providing that certain provisions may not be
included in a rental-purchase agreement; providing a period
where the consumer of a rental-purchase agreement may
reinstate a rental-purchase agreement; requiring a lessor to
issue a receipt for all cash or money order payments from
certain consumers under certain circumstances; requiring a
new rental-purchase agreement to be negotiated under certain
circumstances; providing certain exceptions; requiring
certain lessors to provide certain information in their
advertisements; providing for certain penalties; permitting
the recovery of certain civil damages for violations of this
Act; providing that a rental-purchase agreement that
complies with this Act is not subject to certain other State
and federal statutes and regulations; defining certain
terms; providing for the effective date of this Act; and
generally relating to rental-purchase agreements.

BY adding to

Article - Commercial Law

Section 12-1101 through 12-1112, inclusive, to be under the

new subtitle "Subtitle 11. Maryland Rental-Purchase

Agreement Act"
Annotated Code of Maryland
(1983 Replacement Volume and 1988 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Commercial Law

SUBTITLE 11. MARYLAND RENTAL-PURCHASE AGREEMENT ACT

12-1101.

(A)  IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)  (1) "ADVERTISEMENT" MEANS A COMMERCIAL MESSAGE IN ANY
MEDIUM THAT AIDS, PROMOTES, OR ASSISTS, DIRECTLY OR INDIRECTLY, A
RENTAL-PURCHASE AGREEMENT.

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