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§ 12-1110.1. Notice of default, court action to recover property

West's Annotated Code of MarylandCommercial LawEffective: October 1, 2012

West's Annotated Code of Maryland
Commercial Law
Title 12. Credit Regulations
Subtitle 11. Maryland Rental-Purchase Agreement Act (Refs & Annos)
Effective: October 1, 2012
MD Code, Commercial Law, § 12-1110.1
§ 12-1110.1. Notice of default, court action to recover property
Currentness
(a) A lessor may not bring a court action to recover property subject to a rental-purchase agreement until 15 days after the consumer has been sent notice of a default.
(b) Notice of default sent by certified mail to the consumer's last known address constitutes notice.
(c) The notice shall include any amount the consumer must pay to reinstate the rental-purchase agreement, if applicable.

Credits

Added by Acts 2012, c. 575, § 1, eff. Oct. 1, 2012; Acts 2012, c. 576, § 1, eff. Oct. 1, 2012.
MD Code, Commercial Law, § 12-1110.1, MD COML § 12-1110.1
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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