Ch. 223 LAWS OF MARYLAND

circumstances; allowing purchasers the option of waiving warranty coverage in
certain circumstances; providing that certain actions will constitute a material
breach of the contract; providing that a new home warranty benefits a successor in
title to the owner under certain circumstances; requiring builders of new homes
with a warranty to provide purchasers with a certain notice incorporated into the
contract; establishing certain requirements for warranty security plans and for
approval of the plans by the Secretary of Licensing and Regulation; establishing
certain requirements for new home warranty security plans; permitting the
Secretary of Licensing and Regulation to revoke or suspend approval of a new
home warranty security plan under certain circumstances; providing that
purchasers who do not wish warranty coverage must make an affirmative waiver;
allowing purchasers to rescind the waiver under certain circumstances; stating that
warranties provided for under this Act are in addition to express or implied
warranties otherwise provided by law or agreement; providing that a violation of
this Act is an unfair and deceptive trade practice; providing for certain exceptions
to the provisions of this Act; imposing a certain criminal penalty; extending the
expiration period of implied warranties for structural defects; providing for a
delayed effective date; and generally relating to new home warranty security plans
and warranties to be provided by builders of new homes.

BY repealing and reenacting, with amendments,
Article - Real Property
Section 10-204
Annotated Code of Maryland
(1988 Replacement Volume and 1989 Supplement)

BY adding to

Article - Real Property

Section 10-601 through 10-610, inclusive, to be under the new subtitle "Subtitle
6. New Home Warranties"

Annotated Code of Maryland

(1988 Replacement Volume and 1989 Supplement)

BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 13-301(14)
Annotated Code of Maryland
(1983 Replacement Volume and 1989 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Real Property

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