Ch. 321                                    LAWS OF MARYLAND

(20)(I) A DISCLOSURE OF THE EXISTENCE OF EXPRESS
WARRANTIES FROM THE VENDOR TO PURCHASERS OF LOTS WITHIN THE
DEVELOPMENT, INCLUDING WARRANTIES ON IMPROVEMENTS CONSTRUCTED ON
THE LOTS AND COMMON AREAS; AND

(II) IF THERE ARE NO EXPRESS WARRANTIES, A
DISCLOSURE OF THAT FACT;

(21) A DISCLOSURE OF THE REMEDIES AVAILABLE TO THE
HOMEOWNERS ASSOCIATION OR OWNERS OF LOTS WITHIN THE DEVELOPMENT
FOR VIOLATIONS OF COVENANTS, RESTRICTIONS, RULES, OR REGULATIONS
OF THE HOMEOWNERS ASSOCIATION;

(22)  A DESCRIPTION OF SPECIAL RIGHTS OR EXEMPTIONS
RESERVED BY OR FOR THE BENEFIT OF THE DECLARANT OR THE VENDOR,
INCLUDING:

(I)  THE RIGHT TO CONDUCT CONSTRUCTION
ACTIVITIES WITHIN THE DEVELOPMENT;

(II)  THE RIGHT TO PAY A REDUCED HOMEOWNERS
ASSOCIATION FEE OR ASSESSMENT; AND

(III)  EXEMPTIONS FROM USE RESTRICTIONS OR
ARCHITECTURAL CONTROL PROVISIONS CONTAINED IN THE DECLARATION OR
PROVISIONS BY WHICH THE DECLARANT OR THE VENDOR INTENDS TO
MAINTAIN CONTROL OVER THE HOMEOWNERS ASSOCIATION;

(23)  A DISCLOSURE OF OFF-SITE AMENITIES WHICH WILL
NOT BE OWNED BY THE HOMEOWNERS ASSOCIATION, BUT FOR WHICH THE
HOMEOWNERS ASSOCIATION OR LOT OWNERS WILL BE RESPONSIBLE FOR
MAINTAINING OR CONTRIBUTING TO A FUND FOR USE OR MAINTENANCE; AND

(24) (I) A STATEMENT AS TO WHETHER TITLE INSURANCE ON

THE COMMON AREAS WILL BE ISSUED TO THE HOMEOWNERS ASSOCIATION;
AND

(II) IF TITLE INSURANCE WILL BE ISSUED, A
STATEMENT OF THE PREMIUMS FOR THE TITLE INSURANCE AND A STATEMENT
AS TO WHO WILL BE RESPONSIBLE FOR THE PAYMENT OF THE PREMIUMS.

(C) EXCEPT AS PROVIDED IN SUBSECTION (D) OF THIS SECTION,
THE REQUIREMENTS OF SUBSECTION (B) OF THIS SECTION SHALL BE
DEEMED TO HAVE BEEN FULFILLED IF THE INFORMATION REQUIRED TO BE
DISCLOSED IS PROVIDED TO THE PURCHASER IN WRITING IN A CLEAR AND
CONCISE MANNER. THE DISCLOSURE MAY BE SUMMARIZED OR PRODUCED IN
A COLLECTION OF DOCUMENTS, INCLUDING PLATS, THE DECLARATION, OR
THE ORGANIZATIONAL DOCUMENTS OF THE HOMEOWNERS ASSOCIATION,
PROVIDED THOSE DOCUMENTS EFFECTIVELY CONVEY THE REQUIRED
INFORMATION TO THE PURCHASER.

(D) (1) IF ANY OF THE INFORMATION REQUIRED TO BE DISCLOSED
BY SUBSECTION (B) OF THIS SECTION CONCERNS PROPERTY THAT IS

- 1868 -