Ch. 321

LAWS OF MARYLAND

(II)  THE TOTAL AMOUNT OF FEES, ASSESSMENTS, AND
OTHER CHARGES IMPOSED BY THE HOMEOWNERS ASSOCIATION UPON THE LOT
DURING THE PRECEDING 12 MONTHS FISCAL YEAR PRIOR FISCAL YEAR OF
THE HOMEOWNERS ASSOCIATION; AND

(III)  A STATEMENT OF WHETHER ANY OF THE FEES,
ASSESSMENTS, OR OTHER CHARGES ARE DELINQUENT;

(3)  THE NAME, ADDRESS, AND TELEPHONE NUMBER OF THE
MANAGEMENT AGENT OF THE HOMEOWNERS ASSOCIATION, OR OTHER OFFICER
OR AGENT AUTHORIZED BY THE HOMEOWNERS ASSOCIATION TO PROVIDE TO
MEMBERS OF THE PUBLIC, INFORMATION REGARDING THE HOMEOWNERS
ASSOCIATION AND THE DEVELOPMENT, OR A STATEMENT THAT NO AGENT OR
OFFICER IS PRESENTLY SO AUTHORIZED BY THE HOMEOWNERS ASSOCIATION;

(4)  A STATEMENT AS TO WHETHER THE OWNER HAS ACTUAL
KNOWLEDGE OF:

(I)  THE EXISTENCE OF ANY UNSATISFIED JUDGMENTS
OF PENDING LAWSUITS AGAINST THE HOMEOWNERS ASSOCIATION; AND

(II)  ANY PENDING CLAIMS, COVENANT VIOLATIONS
ACTIONS, OR NOTICES OF DEFAULT AGAINST THE LOT; AND

(5) A COPY OF THE DECLARATION AND ALL COVENANTS,
RESTRICTIONS, RULES, AND REGULATIONS, IF APPLICABLE, RELATING TO
THE DEVELOPMENT AND THE HOMEOWNERS ASSOCIATION, TO WHICH THE
PURCHASER SHALL BECOME OBLIGATED UPON BECOMING THE OWNER OF THE
LOT, INCLUDING A STATEMENT THAT THESE OBLIGATIONS ARE ENFORCEABLE
AGAINST AN OWNER AND THE OWNER'S TENANTS, IF APPLICABLE.

(C) 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 DISCLOSURES MAY BE SUMMARIZED
OR PRODUCED IN ANY 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.

11B-107.

(A)  A PERSON WHO SIGNS A CONTRACT AS A PURCHASER BUT WHO
HAS NOT RECEIVED THE DISCLOSURES REQUIRED BY § 11B-105 OR §
11B-106, AS APPLICABLE, SHALL, PRIOR TO SETTLEMENT, BE ENTITLED
TO RESCIND THE CONTRACT AND TO THE IMMEDIATE RETURN OF DEPOSITS
MADE ON ACCOUNT OF THE CONTRACT.

(B)  ANY PURCHASER MAY WITHIN 3 DAYS FOLLOWING RECEIPT BY
THE PURCHASER OF A SUBSTANTIAL AND MATERIAL AMENDMENT TO THE
DISCLOSURES REQUIRED BY § 11B-105 OR § 11B-106, AS APPLICABLE,
WHICH ADVERSELY AFFECTS THE PURCHASER, RESCIND IN WRITING THE
CONTRACT WITHOUT STATING A REASON AND WITHOUT LIABILITY ON THE

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