clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Session Laws, 1958
Volume 619, Page 282   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

282                               LAWS OF MARYLAND                         [CH. 87

add new Section 114A to said Article, to follow immediately after
Section 114 thereof, relating generally to rights

[See page image for strike-through]


OF VENDEES TO ENFORCE PROVISIONS OF THIS
ARTICLE RELATING TO to land installment contracts.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 114 of Article 21 of the Annotated Code of Maryland
(1957 Edition), title "Conveyancing", sub-title "Land Installment
Contracts", be and the same is hereby repealed and re-enacted, with
amendments, and that new Section 114A be and the same is hereby
added to Section 114 thereof, to follow directly thereafter, all to read
as follows:

114. Statement to be furnished by vendor.

Every vendor under a land installment contract shall, 1) annually
within fifteen
THIRTY days of the first of each calendar year, or 2) on
demand of the vendee NO MORE THAN TWICE A YEAR, furnish a
statement to the vendee showing

(a)   The total amount paid for

(1)   Ground rent, if any,

(2)   Insurance,

(3)   Taxes and other periodic charges;

(b)   The amount credited to principal and interest; and

(c)   The balance due.

[See page image for strike-through]


SECTION 114A. UPON THE FAILURE OF ANY VENDOR TO
COMPLY WITH THE PROVISIONS OF SECTION 112(7) OR SEC-
TION 114 OF THIS ARTICLE THE VENDEE SHALL HAVE THE
RIGHT TO ENFORCE THESE SECTIONS IN A COURT OF
EQUITY. UPON THE DETERMINATION OF SAID COURT
THAT THE VENDOR HAS FAILED TO COMPLY WITH THESE
PROVISIONS THE COURT SHALL GRANT APPROPRIATE RE-
LIEF AND SHALL REQUIRE THE VENDOR TO ASSUME ALL
COURT COSTS AS WELL AS A REASONABLE COUNSEL FEE
FOR VENDEE'S ATTORNEY.

SEC. 2. And be it further enacted, That this Act shall take effect
June 1, 1958.

Approved April 4, 1958.

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1958
Volume 619, Page 282   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 10, 2023
Maryland State Archives