Md. Code, Commercial Law § 12-1107

§12–1107.

Year: 2026Length: 90 wordsSubsections: 3Official source
(a) A lessor shall provide the consumer with a written receipt for each payment under a rental–purchase agreement made in person by cash or money order, or, if the payment is made in any other form, on request. (b) The written receipt shall contain the: (1) Total amount paid; (2) Total amount due that week or month; and (3) Total remaining rental payments necessary to acquire ownership of the item. (c) The lessor shall provide the consumer with a written statement of account within 3 days after the consumer’s request.
Md. Code, Commercial Law § 12-1107: §12–1107. | Justis AI