WILLIAM DONALD SCHAEFER, Governor                    Ch. 520

existence prior to July 1, 1987, to obtain a certificate of need
to become licensed as an addiction alcohol abuse and drug abuse
treatment facility.

SECTION 2 4 5. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1987 January 1, 1988.

Approved May 14, 1987.

CHAPTER 520

(House Bill 914)

AN ACT concerning

Sales of Property - New and Custom Home Protection Act
New Homes and Custom Homes

FOR the purpose of extending the provisions of the Maryland
Custom Home Protection Act to buyers who contract with
builders to construct new homes; defining certain terms
providing that a certain escrow requirement does not apply
when the custom home contract is financed by certain
financial or fiduciary institutions or when certain moneys
are paid in advance to a real estate broker and held in the
broker's escrow account; requiring certain notice in certain
custom home contracts; removing an exemption for certain
vendors or builders from the provisions regulating the
construction of new homes; providing for a delayed effective
date for this Act; and generally relating to contracts for
the construction of new and custom homes.

BY repealing and reenacting, without amendments,

Article - Real Property

Section 10-507 10-508

Annotated Code of Maryland

(1981 Replacement Volume and 1986 Supplement)

BY repealing and reenacting, with amendments,

Article - Real Property

Section 10-501 through 10-506 and 10-508 and 10-509 to be
under the amended subtitle "Subtitle 5. New and
Custom Home Protection Act" Section 10-304, 10-504,
and 10-506

Annotated Code of Maryland

(1981 Replacement Volume and 1986 Supplement)

- 2399 -