PARRIS N. GLENDENING, Governor
Ch. 602
(2) THE LEASE MAY ALSO PROVIDE THAT THE AMOUNT OF THE
PREMIUM PAID BY THE LESSOR MAY BE THE SUBJECT OF A LEASE CHARGE AS
THOUGH SUCH AMOUNT WAS PART OF THE CAPITALIZED COST, AND SHALL BE
SUBJECT TO THE DEFAULT PROVISIONS OF THE LEASE.
(3) NOTHING IN THIS SUBSECTION SHALL PREVENT THE LESSOR FROM
PURSUING ANY OTHER REMEDY FOR DEFAULT SET FORTH IN THE LEASE OR
PROVIDED BY LAW.
(G) (1) IF THE LEASE PERMITS, A LESSOR MAY IMPOSE ON THE LESSEE:
(I) A LATE OR DELINQUENCY CHARGE FOR PAYMENTS OR
PORTIONS OF PAYMENTS THAT ARE IN DEFAULT UNDER THE LEASE;
(II) A COLLECTION CHARGE, WHICH MAY INCLUDE ALL COURT
AND OTHER COLLECTION COSTS ACTUALLY INCURRED BY THE LESSOR AND, IF THE
LEASE IS REFERRED FOR COLLECTION TO AN ATTORNEY WHO IS NOT A SALARIED
EMPLOYEE OF THE LESSOR, A REASONABLE ATTORNEY'S FEE; AND
(III) IF ANY PAYMENT IS MADE TO THE LESSOR WITH A CHECK
THAT IS DISHONORED ON THE SECOND PRESENTMENT, A CHARGE NOT TO EXCEED
$15.
(2) NO MORE THAN ONE LATE OR DELINQUENCY CHARGE MAY BE
IMPOSED FOR ANY SINGLE PAYMENT OR PORTION OF PAYMENT, REGARDLESS OF
THE PERIOD DURING WHICH IT REMAINS IN DEFAULT.
(H) (1) EXCEPT AS PERMITTED BY PARAGRAPH (2) OF THIS SUBSECTION, NO
LEASE SHALL BE SIGNED BY ANY PARTY IF IT CONTAINS BLANK SPACES TO BE
FILLED IN AFTER IT HAS BEEN SIGNED.
(2) IF DELIVERY OF THE MOTOR VEHICLE IS NOT MADE AT THE TIME
OF EXECUTION OF THE LEASE, THE MOTOR VEHICLE'S IDENTIFYING NUMBERS,
MARKS, OR SIMILAR INFORMATION AND THE DUE DATE OF THE FIRST PAYMENT
MAY BE FILLED IN AFTER EXECUTION OF THE LEASE.
(3) THE LESSEE'S WRITTEN ACKNOWLEDGMENT, CONFORMING TO THE
REQUIREMENTS OF SUBSECTION (C) OF THIS SECTION, OF DELIVERY OF A COPY OF
THE LEASE SHALL BE CONCLUSIVE PROOF OF DELIVERY OF A COPY OF THE
CONSUMER LEASE IN ANY ACTION OR PROCEEDING BY OR AGAINST AN ASSIGNEE
OF THE LEASE WITHOUT KNOWLEDGE TO THE CONTRARY AT THE TIME OF THE
ASSIGNMENT.
(I) NOTWITHSTANDING ANY CONTRARY PROVISION OF THIS SUBTITLE OR
OTHER LAWS OF THIS STATE:
(1) SUBJECT TO THE RIGHTS OF THE LESSEE UNDER THE LEASE, A
LESSOR MAY SELL A LEASE, A LEASED MOTOR VEHICLE, OR AN INTEREST IN A
LEASE ON SUCH TERMS AND CONDITIONS AND FOR SUCH PRICE AS MAY BE
MUTUALLY AGREED UPON BETWEEN THE LESSOR AND THE LESSOR'S ASSIGNEE;
AND
- 3399 -
|