What is the lease repossession law in MD?

In Maryland, lease repossession laws are governed by the Maryland Automobile Sales and Leasing Act (Title 11, Subtitle 2, §§ 201–307 of the Annotated Code of Maryland). Here are some key points regarding lease repossession laws in Maryland:

Default: A lessor can repossess a leased vehicle if a lessee defaults on the lease payments or violates other lease terms.

Notice of Intent to Repossess: Before repossessing a leased vehicle, the lessor must provide written notice to the lessee. The notice must include the following information:

- The default(s) that have occurred;

- The amount of money needed to cure the default(s);

- The date by which the default(s) must be cured;

- A statement that the lessor intends to repossess the leased vehicle if the default(s) are not cured; and

- The lessee's right to cure the default(s) and redeem the vehicle.

Repossession Without Notice: In certain circumstances, a lessor may repossess a leased vehicle without providing prior notice. These circumstances include:

- The lessee has abandoned or voluntarily surrendered the leased vehicle;

- The lessor reasonably believes that the leased vehicle is in danger of being damaged, stolen, or hidden; or

- The lessor holds a court order or authorization for repossession.

Redemption Period: After a lessor repossesses a leased vehicle, the lessee has a certain period of time to redeem it. The redemption period is usually 10 days from the date of repossession. During this time, the lessee can get the leased vehicle back by paying all charges (like past-due lease payments, late fees, and repossession costs).

Post-Repossession Procedures: If a repossessed leased vehicle is not redeemed, the lessor may sell, retain, or dispose of it in a commercially reasonable manner. The lessor must provide the lessee with written notice of the sale or disposition. The lessee may be liable for any deficiency after the sale (the difference between the proceeds of the sale and the amount owed on the lease).

It's important to note that the above is a general overview, and the specific laws and procedures may differ in certain cases. If you are facing lease repossession or have questions about your rights and responsibilities as a lessee in Maryland, it's best to consult with an experienced attorney or legal aid service.