§ 14-213. Installment contracts for purchase of property or of lease or bailment
West's Annotated Code of MarylandPublic Safety
MD Code, Public Safety, § 14-213
Formerly cited as MD CODE Art. 16A, § 14; MD CODE Art. 16A, § 23
§ 14-213. Installment contracts for purchase of property or of lease or bailment
(a)(1) For nonpayment of an installment due under a contract for the purchase of real or personal property or a contract of lease or bailment with the option to purchase the property, a person or the person's assignee may not exercise a right or option under the contract to rescind or terminate the contract or resume possession of the property if:
(i) the person or the person's assignee received under the contract a deposit or installment of the purchase price of the property from another person or the assignee of that person who, after making the deposit or installment, became a person in emergency management service or person suffering injury or damage; and
(b)(1) After a hearing on the action:
Credits
Added by Acts 2003, c. 5, § 2, eff. Oct. 1, 2003.
MD Code, Public Safety, § 14-213, MD PUBLIC SAFETY § 14-213
Current through legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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