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§ 12-1109. Advertising

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 11. Maryland Rental-Purchase Agreement Act (Refs & Annos)
MD Code, Commercial Law, § 12-1109
§ 12-1109. Advertising
Currentness
(a) An advertisement for a rental-purchase agreement that refers to or states the dollar amount of any payment and the right to acquire ownership for any 1 specific item shall clearly and conspicuously state, as applicable:
(1) That the transaction advertised is a rental-purchase agreement;
(2) The total cost and the number of payments necessary to acquire ownership; and
(3) That the consumer acquires no ownership right if the total amount necessary to acquire ownership is not paid.
(b) Any owner, employee, or agent of any medium in which an advertisement appears or through which it is disseminated may not be liable for violations under this section.
(c) The requirements under subsection (a) of this section do not apply to an advertisement that:
(1) Does not refer to or state the amount of any payment; or
(2) Is published in the yellow pages of a telephone directory or in any similar directory of business.

Credits

Added by Acts 1989, c. 620, § 1, eff. Sept. 1, 1989.
MD Code, Commercial Law, § 12-1109, MD COML § 12-1109
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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