3478

LAWS OF MARYLAND

Ch. 853

(3) EXPRESSLY STATE THAT ANY AND ALL CHANGES THAT ARE
TO BE MADE TO THE CONTRACT SHALL BE RECORDED AS "CHANGE ORDERS"
THAT SPECIFY THE CHANGE IN THE WORK ORDERED AND THE EFFECT OF THE
CHANGE ON THE PRICE OF THE HOUSE;

(4) SET FORTH IN BOLD TYPE WHETHER OR NOT THE VENDOR
OR BUILDER IS COVERED BY A WARRANTY PROGRAM GUARANTEED BY A THIRD
PARTY;

(5) REQUIRE THE VENDOR OR BUILDER, UPON WRITTEN
REQUEST OF THE PURCHASER, TO DELIVER TO THE PURCHASER WITHIN 30
DAYS AFTER EACH PROGRESS PAYMENT A LIST OF THE SUBCONTRACTORS OR
MATERIALMEN WHO HAVE BEEN PAID MORE THAN $500 BY THE VENDOR OR
BUILDER; AND

(6) REQUIRE THAT THE CUSTOM HOME BUILDER PROVIDE

WAIVERS OR OF LIENS FROM ALL APPLICABLE SUBCONTRACTORS,

SUPPLIERS, OR MATERIALMEN WITHIN A REASONABLE TIME AFTER THE
FINAL PAYMENT FOR THE GOODS OR SERVICES THEY PROVIDE.

10-506.

(A) (1) A CUSTOM HOME BUILDER MUST INCLUDE IN EACH CUSTOM
HOME CONTRACT A DISCLOSURE CONCERNING THE BUYER'S RISK UNDER
MECHANICS' LIEN LAWS.

(2) THE DISCLOSURE CONCERNING THE BUYER'S RISK UNDER
MECHANICS' LIEN LAWS UNDER PARAGRAPH (3) OF THIS SUBSECTION
SHALL;

(I) BE ON A SEPARATE PAGE OF THE CUSTOM HOME
CONTRACT; AND

(II) BE SEPARATELY SIGNED BY THE BUYER.

(3) THE DISCLOSURE REQUIRED UNDER PARAGRAPH (1) OF
THIS SUBSECTION SHALL STATE;

"BUYER'S RISK UNDER MECHANICS' LIEN LAWS UNLESS YOU
TAKE CERTAIN STEPS TO PROTECT YOUR INTERESTS, A SUBCONTRACTOR,
MATERIALMAN, OR SUPPLIER MAY BECOME ENTITLED TO PLACE A LIEN
AGAINST YOUR PROPERTY IN ORDER TO ENSURE PAYMENT TO HIM FOR
SERVICES RENDERED OR GOODS DELIVERED ON OR TO YOUR HOME. THIS
COULD MEAN THAT YOUR HOME COULD BE SOLD UNDER FORECLOSURE TO
SATISFY THE LIEN.

YOU MAY PROTECT AGAINST SUCH A POSSIBILITY BY;

(1) PROMPTLY PAYING INCREMENTAL AMOUNTS DUE UNDER THE
CONTRACT AND REQUIRING AN EXPRESS ACCOUNTING FROM YOUR CONTRACTOR
OF THE GOODS AND/OR SERVICES THAT ARE COVERED BY EACH PAYMENT;
AND

(2) REQUESTING THAT YOUR CONTRACTOR PROVIDE YOU WITH
WAIVERS OF LIENS FROM ALL APPLICABLE SUBCONTRACTORS, SUPPLIERS,