WILLIAM DONALD SCHAEFER, Governor Ch. 520
separate escrow account for your project which will require your
signature for any withdrawals."
10-507.
(a) In addition to any other penalty provided elsewhere in
the Annotated Code, any conduct that fails to comply with this
subtitle, or any breach of any trust created by this subtitle,
is:
(1) An unfair or deceptive trade practice within the
meaning of Title 13 of the Commercial Law Article; and
(2) Is subject to all of the provisions of that
title.
(b) Any conduct that fails to comply with this subtitle, or
any breach of any trust created by this subtitle, is a
misdemeanor, and on conviction, any violator is subject to a fine
not exceeding $1,000 or imprisonment not exceeding 1 year, or
both.
(c)(1) Subject to the limitations under paragraph (2) of
this subsection, a court may order, in addition to any other
penalty provided elsewhere in the Annotated Code, that an
individual violating this subtitle may not be permitted to seek,
enter into, or perform any contract for the construction of real
property in the State for a period of time to be specified by the
court.
(2) A court may make an order under paragraph (1) of
this subsection only if the court determines:
(i) That a criminal offense that resulted in
financial losses to the victims has been committed by a violation
of this subtitle or by a breach of any trust created by this
subtitle; and
(ii) That it would not be inconsistent with a
plan for restitution ordered in any other proceeding brought to
enforce this subtitle.
[10-508.
This subtitle does not apply to:
(1) A [custom] home contract financed by a
mortgage loan issued by an institution regulated under the
Financial Institutions Article; and
(2) A sale by or through a licensed real estate
broker in connection with which all sums of money in the nature
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