1794 LAWS OF MARYLAND [CH. 596

him a copy of the instrument signed by the vendor, the agree-
ment and the instruments signed by the vendee shall be void-
able at the option of the vendee, and the vendor shall imme-
diately upon demand refund to the vendee all payments and
deposits theretofore made.

The receipt for the delivery of a copy of an instrument shall
be printed in 12-point bold type or larger, typewritten or
written in legible handwriting, and, if contained in the con-
tract shall be printed, typewritten or written immediately
below the signature to the contract and shall be independently

(3) Until the vendee signs a land instalment contract and
receives a copy of it, signed by the vendor the vendee has an
unconditional right to cancel the contract and to receive im-
mediate refund of all payments and deposits made on account
of or in contemplation of the contract. A request for such re-
fund shall operate to cancel the contract; or

(4) When any such payment or deposit is accepted by the
vendor from a vendee, the vendor shall immediately deliver to
him a receipt therefor, which clearly states in 12-point type
or larger, in typewriting or in legible handwriting his rights
under paragraph (3) above.

119. (Disclosure in the Contract. ) (1) Every land Instal-
ment contract shall state the full names, the place of residence
and post office addresses of all the parties thereto and the date
when signed by the vendee. It shall contain a clear designation
of the property covered by the contract and shall recite in
simple tabular form the following separate items and in the
following order:

(a) the cash price of the property sold;

(b) any charges or fees for services which are included in
the contract separate from the cash price;

(c) the cost to the vendee of any insurance coverage from the
date of the contract, for the payment of which credit is to be
extended to the vendee, the amount or extent and expiration
date thereof, a concise description of the type of coverage, and
the party or parties to whom such insurance is payable;

(d) the sum of items (a), (b) and (c);

(e) the amount of vendee's down payment, if any;

(f) the principal balance owed, which is the sum of item (d)
less item (e);

(g) the amount and time of each instalment payment;