3258

LAWS OF MARYLAND

Ch. 833

(1)  GRANT TO A DESIGNATED FAMILY AS DEFINED IN §
5-6B-07 5-6B-06 5-6B-07 OF THIS SUBTITLE A RIGHT TO AN EXTENDED
LEASE FOR A PERIOD IN ADDITION TO THAT PERIOD PROVIDED FOR IN §
5-6B-07 5-6B-06 5-6B-07 OF THIS SUBTITLE. THE RIGHT TO AN
EXTENDED LEASE MAY NOT, IN ANY EVENT, RESULT IN A REQUIREMENT
THAT A DEVELOPER SET ASIDE FOR AN EXTENDED LEASE MORE THAN 20
PERCENT OF THE TOTAL NUMBER OF UNITS.

(2)  OTHERWISE EXTEND THE PROVISIONS OF § 5-6B-07
5-6B-06 5-6B-07 OF THIS SUBTITLE EXCEPT THAT:

(I)  MORE THAN 20 PERCENT OF THE TOTAL NUMBER OF
UNITS MAY NOT BE REQUIRED TO BE SET ASIDE; AND

(II)  THE TERM OF AN EXTENDED LEASE FOR A FAMILY
MADE A DESIGNATED FAMILY BY A COUNTY OR AN INCORPORATED
MUNICIPALITY MAY NOT EXCEED 3 YEARS.

(3)  REQUIRE THAT THE NOTICE REQUIRED TO BE GIVEN
UNDER § 5-6B-05 OF THIS SUBTITLE BE ALTERED TO DISCLOSE THE
EFFECTS OF ANY ACTIONS TAKEN UNDER THIS SECTION.

(D) WITHIN 10 DAYS AFTER THE ENACTMENT OF A LAW, ORDINANCE,
OR REGULATION UNDER THIS SECTION, A COUNTY OR INCORPORATED
MUNICIPALITY SHALL FORWARD A COPY OF THE LAW, ORDINANCE, OR
REGULATION TO THE SECRETARY OF STATE.

5-6B-11. 5-6B-10. 5-6B-11.

DEPOSITS TAKEN IN CONNECTION WITH THE SALE BY A DEVELOPER OF
COOPERATIVE INTERESTS WITH RESPECT TO UNITS INTENDED FOR
RESIDENTIAL USE SHALL BE DEPOSITED OR HELD IN AN ESCROW ACCOUNT
IN THE SAME MANNER AS PROVIDED IN § 10-301 OF THE REAL PROPERTY
ARTICLE IN THE CASE OF SALES OF NEW, UNCOMPLETED SINGLE FAMILY
UNITS, UNLESS A CORPORATE SURETY BOND IS OBTAINED AND MAINTAINED
AS PROVIDED IN § 10-301 OF THE REAL PROPERTY ARTICLE.

5-6B-12. 5-6B-11. 5-6B-12.

(A)  THIS SECTION IS INTENDED TO PROVIDE MINIMUM STANDARDS
FOR THE PROTECTION OF CONSUMERS IN THE STATE.

(B)  (1) FOR PURPOSES OF THIS SECTION, "CONSUMER" MEANS AN
ACTUAL OR PROSPECTIVE PURCHASER, LESSEE, ASSIGNEE, OR TRANSFEREE
OF A COOPERATIVE INTEREST WITH RESPECT TO A RESIDENTIAL UNIT.

(2) "CONSUMER" INCLUDES A CO-OBLIGOR OR SURETY FOR A
CONSUMER.

(C)  (1) TO THE EXTENT THAT A VIOLATION OF A PROVISION OF
THIS SUBTITLE AFFECTS A CONSUMER, THAT VIOLATION SHALL BE WITHIN
THE SCOPE OF THE ENFORCEMENT DUTIES AND POWERS OF THE DIVISION OF
CONSUMER PROTECTION OF THE OFFICE OF THE ATTORNEY GENERAL, AS
DESCRIBED IN TITLE 13 OF THE COMMERCIAL LAW ARTICLE.