Notice of Default And Cure

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Is a lessor required to give notice of default and an opportunity to cure?

Statutes

"Except as otherwise provided in the lease agreement, the party in default is not entitled to notice of default or notice of enforcement from the other party to the agreement. Md. Code, Com.; § 2A-502.

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. Md. Code, Com.; § 12-1110.1

While a 10-day notice of repossession of goods sold under an agreement is discretionary, the holder must deliver notice to the buyer within five days after repossessing the goods. Md. Code, Com.; § 12-624."

Cases

Comments

None.

Contributors

Steven N. Leitess
Leitess Friedberg PC

The statutory information was edited and reviewed with the support of MultiState

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