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Terms Used In Maryland Code, COMMERCIAL LAW 12-1107

  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(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.