{"data":{"id":"us-md/md.-code-commercial-law-12-633","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 12–633","heading":"","body":"(a) (1) Except as provided in paragraph (2) of this subsection, any renewal, extension, or refund made under § 12-632 of this subtitle shall be by a written agreement signed by each party.\n(2) If an extension is granted without any additional charge, the agreement need be signed only by the sales finance company.\n(b) (1) At the time a renewal, extension, or refund is made, the sales finance company shall deliver to the buyer an exact copy of the agreement.\n(2) The agreement shall:\n(i) State the name and post office address of each party;\n(ii) Identify the prior agreement to which it relates;\n(iii) Describe the goods;\n(iv) Describe any security interest or collateral security which was reserved or taken to secure the prior agreement and which is retained to secure the renewal, extension, or refund; and\n(v) State the amount of the extended principal, the agreed rate of charge, the number of scheduled installments, and the time and amount of each installment.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=12-633","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"a703a9956ca35c8842f62377f39a84b37f921aa74693f5169a33c43dac94c853","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-12-632","next":"us-md/md.-code-commercial-law-12-634"},"notice":"GroundRules: Original legal text. Not legal advice."}