Ch. 602

1995 LAWS OF MARYLAND

(2) NO FILING OF THE ASSIGNMENT, NO NOTICE TO THE LESSEE OF THE
ASSIGNMENT, AND NO REQUIREMENT THAT THE LESSOR BE DEPRIVED OF
DOMINION OVER PAYMENTS UPON THE LEASE OR OVER THE MOTOR VEHICLE IF
REPOSSESSED BY OR RETURNED TO THE LESSOR, SHALL BE NECESSARY TO THE
VALIDITY OF A WRITTEN ASSIGNMENT OF A LEASE AS AGAINST CREDITORS,
SUBSEQUENT PURCHASERS, PLEDGEES, MORTGAGEES, OR ENCUMBRANCERS OF
THE LESSOR.

(J) (1) UNTIL THE LESSEE HAS NOTICE OF ASSIGNMENT OF A LEASE,
PAYMENT MADE BY THE LESSEE TO THE LAST KNOWN HOLDER OF THE LEASE
SHALL BE BINDING UPON ALL SUBSEQUENT ASSIGNEES.

(2)      IF REQUESTED BY THE LESSEE, THE ASSIGNEE SHALL FURNISH
REASONABLE PROOF THAT THE ASSIGNMENT HAS BEEN MADE AND THE LESSEE
MAY PAY THE ORIGINAL LESSOR UNTIL REASONABLE PROOF OF THE ASSIGNMENT
HAS BEEN FURNISHED.

(3)      THE LESSOR SHALL PROVIDE THE LESSEE WITH A WRITTEN RECEIPT
FOR ANY PAYMENT MADE IN CASH.

(K) (1) UPON WRITTEN REQUEST FROM A LESSEE, THE LESSOR SHALL GIVE
OR FORWARD TO THE LESSEE A WRITTEN STATEMENT OF THE DATES AND
AMOUNTS OF THE PAYMENTS THAT HAVE BEEN MADE UNDER THE LEASE AND THE
AMOUNT OF THE LESSEE'S REMAINING PAYMENTS AND ANY OTHER AMOUNTS
OWED TO THE LESSOR AS REFLECTED ON THE LESSOR'S BOOKS AND RECORDS AT
THE TIME OF THE NOTICE.

(2)      UPON WRITTEN REQUEST FROM A LESSEE, THE LESSOR SHALL GIVE
OR FORWARD TO THE LESSEE A WRITTEN ESTIMATE OF THE LESSEE'S TOTAL EARLY
TERMINATION LIABILITY UNDER THE LEASE.

(3)      NO CHARGE MAY BE IMPOSED ON THE LESSEE FOR PREPARATION
OF THE STATEMENTS PROVIDED FOR IN PARAGRAPHS (1) AND (2) OF THIS
SUBSECTION, EXCEPT A LESSOR MAY IMPOSE A REASONABLE FEE, NOT TO EXCEED
$5 PER STATEMENT, IF:

(I)       THE LESSEE REQUESTS MORE THAN ONE STATEMENT UNDER
PARAGRAPH (1) OF THIS SUBSECTION OR MORE THAN ONE STATEMENT UNDER
PARAGRAPH (2) OF THIS SUBSECTION IN ANY 12-MONTH PERIOD; AND

(II)     THE CHARGE IS DISCLOSED IN THE LEASE.
(L) A LEASE MAY NOT CONTAIN ANY PROVISION BY WHICH:

(1)      IN THE ABSENCE OF THE LESSEE'S DEFAULT, THE LESSOR MAY,
ARBITRARILY AND WITHOUT REASONABLE CAUSE, ACCELERATE MATURITY OF
ANY PART OR ALL OF THE AMOUNT OWING UNDER THE LEASE;

(2)      THE LESSOR MAY ACCELERATE MATURITY OF ANY PART OR ALL OF
THE AMOUNT OWING UNDER THE LEASE SOLELY BECAUSE THE LESSOR DEEMS
ITSELF INSECURE;

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