PARRIS N. GLENDENING, Governor                                 Ch. 602

(2) THE NOTICE SHALL:

(I)       STATE THE DEFAULT AND ANY PERIOD AT THE END OF WHICH
THE LEASED MOTOR VEHICLE WILL BE REPOSSESSED; AND

(II)     BRIEFLY STATE THE RIGHTS OF THE LESSEE IN CASE THE
LEASED MOTOR VEHICLE IS REPOSSESSED.

(D)     THE NOTICE MAY BE DELIVERED TO THE LESSEE PERSONALLY OR SENT
TO THE LESSEE AT THE LESSEE'S LAST KNOWN ADDRESS BY REGISTERED OR
CERTIFIED MAIL.

(E)     WITHIN 5 DAYS AFTER THE LESSOR REPOSSESSES THE LEASED MOTOR
VEHICLE, THE LESSOR SHALL DELIVER TO THE LESSEE PERSONALLY OR SEND TO
THE LESSEE AT THE LESSEE'S LAST KNOWN ADDRESS BY REGISTERED OR
CERTIFIED MAIL A WRITTEN NOTICE WHICH STATES:

(1)      THE RIGHT OF THE LESSEE TO REDEEM THE LEASED MOTOR
VEHICLE AND THE AMOUNT PAYABLE FOR IT;

(2)      THE RIGHTS OF THE LESSEE AS TO A SALE OF THE MOTOR VEHICLE
AND THE LESSEE'S LIABILITY FOR A DEFICIENCY; AND

(3)      THE EXACT LOCATION WHERE THE LEASED MOTOR VEHICLE IS
STORED AND THE ADDRESS WHERE ANY PAYMENT IS TO BE MADE.

(F)      FOR 15 DAYS AFTER THE LESSOR GIVES THE NOTICE REQUIRED BY
SUBSECTION (E) OF THIS SECTION, THE LESSOR SHALL RETAIN THE REPOSSESSED
MOTOR VEHICLE.

(G)     DURING THE PERIOD PROVIDED FOR IN SUBSECTION (F) OF THIS
SECTION, THE LESSEE MAY:

(1)      REDEEM AND RETAKE POSSESSION OF THE MOTOR VEHICLE; AND

(2)      RESUME THE PERFORMANCE OF THE LEASE.

(H) TO REDEEM THE LEASED MOTOR VEHICLE, THE LESSEE SHALL:

(1)      TENDER THE AMOUNT DUE UNDER THE LEASE AT THE TIME OF
REDEMPTION, WITHOUT GIVING EFFECT TO ANY PROVISION WHICH ALLOWS
ACCELERATION OF ANY AMOUNTS OTHERWISE PAYABLE AFTER THAT TIME;

(2)      TENDER PERFORMANCE OF ANY OTHER PROMISE FOR THE BREACH
OF WHICH THE MOTOR VEHICLE WAS REPOSSESSED; AND

(3)      IF THE DISCRETIONARY NOTICE PROVIDED FOR IN SUBSECTION (C)
OF THIS SECTION WAS GIVEN, PAY THE ACTUAL AND REASONABLE EXPENSES OF
RETAKING AND STORING THE MOTOR VEHICLE.

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