3888

JOINT RESOLUTIONS

(B) "Approved Standards" means the building
standards adopted by a local jurisdiction consisting of

(1)  structural, mechanical and electrical standards and

(2)  quality standards.

(C)     "Builder" means the person, corporation or
partnership which conveys the title to the dwelling to
the purchaser or which, by contract with the purchaser,
builds the dwelling on the land of the purchaser.

(D)     "Certificate" means the certificate which
extends to the purchaser the benefits of insurance.

(E)    "Final Settlement" means the completion of the
transaction whereby (a) the dwelling is conveyed by the
builder to the purchaser unless the dwelling has been
built on land owned by the purchaser, in which case only
clause (b) shall apply and (b) the full proceeds to which
the builder is entitled (above any secured deferred
portion of the agreed purchase price) are paid to it.

(F)       "Dwelling" means any dwelling unit not
previously occupied in which the purchaser receives
title.

(G)     "Initial Warranty Period" means for a period
of two years after final settlement, except for
warranties from manufacturers for equipment which may be
for one year.

(H) "Insurance Coverage" means the benefits
available to purchaser under the policy subject to the
provisions of the agreement and of the Certificate.

(I) "Insurer" means a surety company approved by
the Insurance Department of the State of Maryland to do
business in the State.

(J) "Major Construction Defect" means actual
damage to the load bearing portion of the dwelling
(including damage due to soil movements, as defined below)
which affects its load—bearing function and which
substantially, affects or is likely to substantially
effect the use of the dwelling for residential purposes.

(K) "Public Authority" means any governmental
authority having jurisdiction over the inspection and
approval of the construction of the dwelling.

(L) "Purchaser" means any person for whom the
dwelling is built or the first person to whom the
dwelling is sold for occupancy by him or his family as a
dwelling and his successors in title to the dwelling
and/or mortgagee in possession.