Md. Code, Commercial Law § 14-1105
This is the official text of Md. Code, Commercial Law § 14-1105, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§14–1105.
Official statutory text
(a) The seller may not increase the layaway price of the consumer goods sold under a layaway agreement.
(b) If, within 10 calendar days after the execution of a layaway agreement, the seller reduces the selling price of existing items in his stock or inventory identical to those being held for a buyer, the seller shall credit the buyer for the difference between the original layaway price and the reduced price.
(b) If, within 10 calendar days after the execution of a layaway agreement, the seller reduces the selling price of existing items in his stock or inventory identical to those being held for a buyer, the seller shall credit the buyer for the difference between the original layaway price and the reduced price.
Status: in_force · Read it on the official government site
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