Section 12-1103 - Disclosures - In general.
§ 12-1103. Disclosures - In general.
(a) Required.-
(1) A lessor shall disclose to a consumer the information required under this subtitle.
(2) In a transaction involving more than 1 lessor, only 1 lessor need make the disclosures required under this subtitle, but all lessors shall be bound by the disclosures made.
(b) Time.- A lessor shall make the disclosures required under this subtitle before consummation of the rental-purchase agreement.
(c) Form; delivery.- A lessor shall:
(1) Make the disclosures required under this subtitle in a written form that is simple and understandable and is written or typed in a size not less than 10 point type;
(2) Make the disclosures required under this subtitle on the face of the rental-purchase agreement above the consumer's signature line; and
(3) Deliver a copy of the rental-purchase agreement to the consumer.
(d) Subsequent inaccuracy.- If a disclosure becomes inaccurate as a result of any act, occurrence, or agreement by the consumer after delivery of the rental property, the resulting inaccuracy is not a violation of this subtitle.
[1989, ch. 620.]