Ch. 620

LAWS OF MARYLAND

(3) DELIVER A COPY OF THE RENTAL-PURCHASE AGREEMENT
TO THE CONSUMER.

(D) IF A DISCLOSURE BECOMES INACCURATE AS A RESULT OF ANY
ACT, OCCURRENCE, OR AGREEMENT BY THE CONSUMER AFTER DELIVERY OF
THE RENTAL PROPERTY, THE RESULTING INACCURACY IS NOT A VIOLATION
OF THIS SUBTITLE.

12-1104.

(A) THE LESSOR SHALL DISCLOSE IN EACH RENTAL-PURCHASE
AGREEMENT, AS APPLICABLE:

(1)  THE TOTAL NUMBER, TOTAL AMOUNT, AND TIMING OF ALL
RENTAL PAYMENTS NECESSARY TO ACQUIRE OWNERSHIP OF THE RENTAL
PROPERTY;

(2)  A STATEMENT THAT THE CONSUMER WILL NOT OWN THE
RENTAL PROPERTY UNTIL THE CONSUMER HAS PAID THE TOTAL OF PAYMENTS
NECESSARY TO ACQUIRE OWNERSHIP;

(3) (I) A BRIEF DESCRIPTION OF THE RENTAL PROPERTY
SUFFICIENT TO IDENTIFY THE RENTAL PROPERTY TO THE CONSUMER AND
THE LESSOR, INCLUDING AN IDENTIFICATION NUMBER AND A STATEMENT
INDICATING WHETHER THE RENTAL PROPERTY IS NEW OR USED; AND

(II) A STATEMENT THAT INDICATES THAT IF RENTAL
PROPERTY INDICATED AS NEW PROPERTY IS USED, IT IS NOT A VIOLATION
OF THIS SUBTITLE;

(4)  (I) A STATEMENT OF THE CASH PRICE OF THE RENTAL
PROPERTY; OR

(II) IF A SINGLE RENTAL-PURCHASE AGREEMENT
INVOLVES A LEASE OF 2 OR MORE ITEMS OF RENTAL PROPERTY AS A SET,
A STATEMENT OF THE AGGREGATE CASH PRICE OF ALL ITEMS;

(5)  THE TOTAL OF INITIAL PAYMENTS PAID OR REQUIRED TO
BE PAID AT OR BEFORE CONSUMMATION OF THE RENTAL-PURCHASE
AGREEMENT OR DELIVERY OF THE RENTAL PROPERTY, WHICHEVER IS LATER;

(6)  A STATEMENT THAT THE TOTAL OF RENTAL PAYMENTS
DOES NOT INCLUDE OTHER CHARGES, SUCH AS REINSTATEMENT FEES,
DAMAGE FEES, OR PICKUP FEES;

(7)  A STATEMENT THAT THE CONSUMER HAS THE RIGHT TO
EXERCISE AN EARLY PURCHASE OPTION AND THE PRICE, FORMULA, OR
METHOD FOR DETERMINING THE EARLY PURCHASE OPTION PRICE;

(8)  A STATEMENT THAT THE CONSUMER MUST PAY THE EARLY
PURCHASE OPTION PRICE FOR THE RENTAL PROPERTY IF, AND WHEN, THE
RENTAL PROPERTY IS LOST, STOLEN, DAMAGED, OR DESTROYED;

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