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§ 14-1105. Price increases prohibited

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 11. Layaway Sales (Refs & Annos)
MD Code, Commercial Law, § 14-1105
§ 14-1105. Price increases prohibited
Currentness
(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.

Credits

Added by Acts 1978, c. 673, § 3, eff. July 1, 1978.
MD Code, Commercial Law, § 14-1105, MD COML § 14-1105
Current through legislation effective through April 25, 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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