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ROBERT L. EHRLICH, JR., Governor Ch. 509
(III) CONTAIN THE FOLLOWING STATEMENT PRINTED IN AT LEAST
15 POINT TYPE:
"NOTICE OF RESCISSION
(DATE OF CONTRACT)
YOU MAY CANCEL OR RESCIND THIS CONTRACT, WITHOUT ANY PENALTY, AT
ANY TIME.
IF YOU WANT TO END THIS CONTRACT, MAIL OR DELIVER A SIGNED AND DATED
COPY OF THIS NOTICE OF RESCISSION, OR ANY OTHER WRITTEN NOTICE
INDICATING YOUR INTENT TO RESCIND TO (NAME OF FORECLOSURE
CONSULTANT) AT (ADDRESS OF FORECLOSURE CONSULTANT, INCLUDING
FACSIMILE AND ELECTRONIC MAIL).
AS PART OF ANY RESCISSION, YOU (THE HOMEOWNER) MUST REPAY ANY
MONEY SPENT ON YOUR BEHALF AS A RESULT OF THIS AGREEMENT, WITHIN 60
DAYS, ALONG WITH INTEREST CALCULATED AT THE RATE OF 8% A YEAR.
THIS IS AN IMPORTANT LEGAL CONTRACT AND COULD RESULT IN THE LOSS OF
YOUR HOME. CONTACT AN ATTORNEY BEFORE SIGNING.
NOTICE OF RESCISSION
TO: (NAME OF FORECLOSURE CONSULTANT)
(ADDRESS OF FORECLOSURE CONSULTANT, INCLUDING FACSIMILE AND
ELECTRONIC MAIL)
I HEREBY RESCIND THIS CONTRACT:
..................(DATE)
.............................(HOMEOWNER'S SIGNATURE)".
(D) THE FORECLOSURE CONSULTANT SHALL, PROVIDE: THE HOMEOWNER
WITH A SIGNED AND DATED COPY OF THE, CONTRACT' AND THE ATTACHED NOTICE
OF RESCISSION IMMEDIATELY UPON EXECUTION OF THE CONTRACT.
(E) THE TIME DURING WHICH THE HOMEOWNER MAY RESCIND THE
CONTRACT DOES NOT BEGIN TO RUN UNTIL THE FORECLOSURE CONSULTANT HAS
COMPLIED WITH THIS SECTION.
(F) ANY PROVISION IN A FORECLOSURE CONSULTING CONTRACT THAT
ATTEMPTS OR PURPORTS TO WAIVE ANY OF THE RIGHTS SPECIFIED IN THIS TITLE,
CONSENT TO JURISDICTION FOR LITIGATION OR CHOICE OF LAW IN A STATE OTHER
THAN MARYLAND, CONSENT TO VENUE IN A COUNTY OTHER THAN THE COUNTY IN
WHICH THE PROPERTY IS LOCATED, OR IMPOSE ANY COSTS OR FILING FEES
GREATER THAN THE FEES REQUIRED TO FILE AN ACTION IN A CIRCUIT COURT, IS
VOID.
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- 2997 -
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