Section 12-1103 - Disclosures - In general. - Maryland Statutes

§ 12-1103. Disclosures - In general.
 

(a)  Required.-  

(1) A lessor shall disclose to a consumer the information required under this subtitle. 

(2) In a transaction involving more than 1 lessor, only 1 lessor need make the disclosures required under this subtitle, but all lessors shall be bound by the disclosures made. 

(b)  Time.- A lessor shall make the disclosures required under this subtitle before consummation of the rental-purchase agreement. 

(c)  Form; delivery.- A lessor shall: 

(1) Make the disclosures required under this subtitle in a written form that is simple and understandable and is written or typed in a size not less than 10 point type; 

(2) Make the disclosures required under this subtitle on the face of the rental-purchase agreement above the consumer's signature line; and 

(3) Deliver a copy of the rental-purchase agreement to the consumer. 

(d)  Subsequent inaccuracy.- 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. 
 

[1989, ch. 620.]