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ROBERT L. EHRLICH, JR., Governor Ch. 135
(3) The disclosure form shall contain:
(i) A notice to prospective purchasers and vendors that the
prospective purchaser or vendor may wish to obtain professional advice about or an
inspection of the property;
(ii) A notice to prospective purchasers that disclosure by the seller
is not a substitute for an inspection by an independent home inspection company, and
that the purchaser may wish to obtain such an inspection;
(iii) A notice to purchasers that the information contained in the
disclosure statement is the representation of the vendor and is not the representation
of the real estate broker or salesperson, if any; and
(iv) A notice to purchasers that the information contained in the
disclosure statement is not a warranty by the vendor as to:
1. The condition of the property of which the vendor has no
actual knowledge; or
2. Other conditions of which the vendor has no actual
knowledge.
(4) The vendor is not required to undertake or provide an independent
investigation or inspection of the property in order to make the disclosures required
by this section.
[(e)] (F) (1) Except as provided in paragraphs (2) and (3) of this subsection,
the vendor shall deliver the completed disclosure or disclaimer statement required by
this section to the purchaser on or before entering into a contract of sale by the vendor
and the purchaser.
(2) The disclosure or disclaimer statement shall be delivered to each
purchaser before the execution of the contract of sale by the purchaser in the case of
a land installment contract, as defined in § 10-101 of this title.
(3) The disclosure or disclaimer statement shall be delivered to each
purchaser before the execution by the purchaser of an option to purchase agreement
or a lease agreement containing an option to purchase provision.
(4) At the time the disclosure or disclaimer statement is delivered, each
purchaser shall date and sign a written acknowledgment of receipt, which shall be
included in or attached to the contract of sale.
[(f)] (G) A purchaser who receives the disclosure or disclaimer statement on
or before entering into the contract of sale does not have the right to rescind the
contract of sale based upon the information contained in the statement.
[(g)] (H) (1) A purchaser who does not receive the disclosure or disclaimer
statement on or before entering into the contract of sale has the unconditional right,
upon written notice to the vendor or vendor's agent:
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