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Session Laws, 1974
Volume 713, Page 374   View pdf image
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374                                          LAWS OF MARYLAND                          [Ch. 12

UNDER THE CONTRACT, AND (ii) WHETHER OR NOT THE VENDOR
HAS RECEIVED ANY WRITTEN NOTICE FROM ANY PUBLIC AGENCY
REQUIRING ANY REPAIRS OR IMPROVEMENTS TO BE MADE TO THE
PROPERTY DESCRIBED IN THE CONTRACT;

(7)   THE FOLLOWING NOTICE IN 12-POINT BOLD
TYPE OR LARGER, [[ TYPEWRITING OR IN LEGIBLE HANDWRITING]]
TYPEWRITTEN OR HANDWRITTEN LEGIBLY DIRECTLY ABOVE THE
SPACE RESERVED IN THE CONTRACT FOR THE SIGNATURE OF THE
PURCHASER:

NOTICE TO PURCHASER

YOU ARE ENTITLED TO A COPY OF THIS CONTRACT AT THE
TIME YOU SIGN IT;

(8)    THE FOLLOWING NOTICE, IN 12-POINT BOLD
TYPE OR LARGER, TYPEWRITTEN OR HANDWRITTEN LEGIBLY,
DIRECTLY BELOW THE SPACE RESERVED IN THE CONTRACT FOR THE
SIGNATURE OF THE PURCHASER ACKNOWLEDGING THE RECEIPT OF A
COPY OF THE CONTRACT:

IN THE EVENT OF DEFAULT,
THE PURCHASER MAY BE LIABLE TO A DEFAULT JUDGMENT.

(B) CONTENTS OF CONTRACT LISTED IN TABULAR FORM.

THE CONTRACT ALSO SHALL RECITE IN SIMPLE TABULAR
FORM, THE FOLLOWING SEPARATE ITEMS IN THE FOLLOWING
ORDER:

(1)   THE CASH PRICE OF THE PROPERTY SOLD;

(2)    ANY CHARGE OR FEE FOR ANY SERVICE WHICH
IS INCLUDED IN THE CONTRACT SEPARATE FROM THE CASH PRICE;

(3)    THE COST      TO THE PURCHASER OF ANY
INSURANCE COVERAGE FROM THE   DATE OF THE CONTRACT, FOR THE
PAYMENT OF WHICH CREDIT      IS TO BE EXTENDED TO THE
PURCHASER, THE AMOUNT OR EXTENT AND EXPIRATION DATE OF
THE COVERAGE, A CONCISE      DESCRIPTION OF THE TYPE OF
COVERAGE, AND EVERY PARTY      TO WHOM THE INSURANCE IS
PAYABLE;

(4)   THE SUM OF ITEMS (1), (2), AND (3);

(5)    THE AMOUNT OF ANY DOWN PAYMENT ON BEHALF

OF THE PURCHASER;

(6)   THE PRINCIPAL BALANCE OWED, WHICH IS THE
SUM OF ITEM (4) LESS ITEM (5);

(7)    THE AMOUNT AND TIME OF EACH INSTALLMENT
PAYMENT AND THE TOTAL NUMBER OF PERIODIC INSTALLMENTS;

 

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Session Laws, 1974
Volume 713, Page 374   View pdf image
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