Md. Code, Commercial Law § 12-1107
This is the official text of Md. Code, Commercial Law § 12-1107, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§12–1107.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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