1482

LAWS OF MARYLAND

Ch. 246

delivery to you of all of this information or (2) within
five days following delivery to you of any changes or
amendments to this information.

(j) A contract for the sale of a unit subsequent to
the initial sale of that unit is not enforceable by the
vendor unless the vendor delivers the following documents to
the purchaser:

(1)  A copy of the declaration and bylaws;

(2)  A copy of the articles of incorporation of
the council of unit owners, if it is incorporated; and

(3)  A copy of the then current annual operating
budget for the condominium, if any.

A grant of a unit is not invalid if the vendor fails to
comply with the requirements of this subsection.]

11-127.

(A) A DEVELOPER MAY NOT OFFER OR DISPOSE OF A UNIT
INTENDED FOR RESIDENTIAL USE UNLESS THE CONDOMINIUM AND THE
UNIT ARE REGISTERED WITH THE SECRETARY OF STATE.

(A)  ALL PROPERTIES WHICH ARE SUBJECTED TO A
CONDOMINIUM REGIME FOR RESIDENTIAL USE PURSUANT TO THE
PROVISIONS OF THIS TITLE SHALL BE REGISTERED WITH THE
SECRETARY OF STATE. A UNIT IN A CONDOMINIUM REGIME MAY NOT
BE SOLD OR OFFERED FOR SALE UNTIL THE CONDOMINIUM REGIME HAS
BEEN REGISTERED WITH THE SECRETARY OF STATE.

(B) (1) AN APPLICATION FOR REGISTRATION SHALL CONSIST
OF THE PUBLIC OFFERING STATEMENT DESCRIBED IN SECTION 11-126
OF THIS TITLE. A DEVELOPER SHALL FILE THE NUMBER OF COPIES
REQUIRED BY THE SECRETARY OF STATE, INCLUDING ONE TO BE
FORWARDED BY THE SECRETARY TO THE COUNTY AND/OR MUNICIPALITY
WHERE THE CONDOMINIUM IS LOCATED . THE SECRETARY OF STATE
SHALL NOTIFY THE GOVERNING BODY OF THE COUNTY AND/OR
MUNICIPALITY IN WHICH THE CONDOMINIUM IS LOCATED OF THE
FILING OF THE APPLICATION. AN APPLICATION SHALL BE
ACCOMPANIED BY A FEE OF NOT LESS THAN $100, IN AN AMOUNT
EQUAL TO $5 PER UNIT.

(2) A DEVELOPER PROMPTLY SHALL FILE AMENDMENTS
TO REPORT ANY ACTUAL OR EXPECTED MATERIAL CHANGE IN ANY
DOCUMENT OR INFORMATION CONTAINED IN THE APPLICATION.

(C)  (1) THE SECRETARY OF STATE SHALL ACKNOWLEDGE
RECEIPT OF AN APPLICATION FOR REGISTRATION WITHIN 5 BUSINESS
DAYS AFTER RECEIVING IT. THE SECRETARY SHALL DETERMINE
WHETHER THE APPLICATION SATISFIES THE DISCLOSURE
REQUIREMENTS OF § 11-126 OF THIS TITLE,NO SOONER THAN 30
DAYS AND NO LATER THAN WITHIN 45 DAYS AFTER RECEIPT. THE
COUNTY AND/OR MUNICIPALITY WHERE THE CONDOMINIUM IS LOCATED
MAY MAKE WRITTEN COMMENT TO THE SECRETARY OF STATE.