Ch. 620

LAWS OF MARYLAND

DELIVERED BY THE LESSOR PURSUANT TO THE RENTAL-PURCHASE
AGREEMENT;

(4)  A WAGE ASSIGNMENT;

(5)  A WAIVER BY THE CONSUMER OF CLAIMS OR DEFENSES;
OR

(6)  A PROVISION AUTHORIZING THE LESSOR OR A PERSON
ACTING ON THE LESSOR'S BEHALF TO ENTER UPON THE CONSUMER'S
PREMISES OR TO COMMIT ANY BREACH OF THE PEACE IN THE REPOSSESSION
OF RENTAL PROPERTY.

12-1106.

(A)  A CONSUMER WHO FAILS TO MAKE A TIMELY RENTAL PAYMENT
MAY REINSTATE THE RENTAL-PURCHASE AGREEMENT, WITHOUT LOSING ANY
RIGHTS OR OPTIONS THAT EXIST UNDER THE RENTAL-PURCHASE AGREEMENT,
IF WITHIN 5 DAYS OF THE RENEWAL DATE, FOR A CONSUMER WHO RENEWS
ON A MONTHLY BASIS, OR WITHIN 2 DAYS OF THE RENEWAL DATE, FOR A
CONSUMER WHO RENEWS ON A WEEKLY BASIS, THE CONSUMER PAYS:

(1)  ALL PAST DUE RENTAL CHARGES;

(2)  IF THE RENTAL PROPERTY HAS BEEN PICKED UP OR
REPOSSESSED, THE REASONABLE COSTS OF PICKUP AND REDELIVERY; AND

(3)  ANY APPLICABLE REINSTATEMENT FEE, WHICH MAY NOT
EXCEED $5.

(B)  A CONSUMER WHO HAS PAID LESS THAN TWO-THIRDS OF THE
TOTAL OF PAYMENTS NECESSARY TO ACQUIRE OWNERSHIP OF THE RENTAL
PROPERTY AND WHO HAS RETURNED OR VOLUNTARILY SURRENDERED THE
RENTAL PROPERTY WITHOUT JUDICIAL PROCESS DURING THE APPLICABLE
REINSTATEMENT PERIOD UNDER SUBSECTION (A) OF THIS SECTION OR WHO
HAS MADE THE PROPERTY AVAILABLE FOR PICKUP AT THE REQUEST OF THE
LESSOR, WHICHEVER OCCURS LAST, MAY REINSTATE THE RENTAL-PURCHASE
AGREEMENT PRIOR TO A DATE NOT LESS THAN 21 DAYS AFTER THE DATE OF
THE RETURN OF THE RENTAL PROPERTY.

(C)  A CONSUMER WHO HAS PAID TWO-THIRDS OR MORE OF THE TOTAL
OF PAYMENTS NECESSARY TO ACQUIRE OWNERSHIP OF THE RENTAL PROPERTY
AND WHO HAS RETURNED OR VOLUNTARILY SURRENDERED THE RENTAL
PROPERTY WITHOUT JUDICIAL PROCESS DURING THE APPLICABLE PERIOD
SET FORTH IN SUBSECTION (A) OF THIS SECTION OR WHO HAS MADE THE
PROPERTY AVAILABLE FOR PICKUP AT THE REQUEST OF THE LESSOR,
WHICHEVER OCCURS LAST, MAY REINSTATE THE RENTAL-PURCHASE
AGREEMENT PRIOR TO A DATE NOT LESS THAN 45 DAYS AFTER THE DATE OF
THE RETURN OF THE RENTAL PROPERTY.

(D)  NOTHING IN THIS SECTION SHALL PREVENT A LESSOR FROM
REPOSSESSING THE PROPERTY DURING THE REINSTATEMENT PERIOD, BUT A
REPOSSESSION MAY NOT AFFECT THE CONSUMER'S RIGHT TO REINSTATE.

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