Ch. 82                                          LAWS OF MARYLAND

development, other than the disclosures required by § 11B-105
[or], § 11B-106, OR § 11B-107 of this title;

(3)  Provide that the disclosures required by §
11B-105 [or], § 11B-106, OR 11B-107 of this title be registered
or otherwise subject to the approval of any governmental agency;

(4)  Provide that additional rescission rights be
provided to purchasers, other than the rescission rights under §
(11B-107(b)] 11B-108(B) of this title;

(5)  Create additional implied warranties or require
additional express warranties on improvements to common areas
other than those warranties described in § [11B-109] 11B-110 of
this title; or

(6)  Expand the open meeting requirements of §
[11B-110] 11B-111 of this title or open record requirements of §
[11B-111] 11B-112 of this title.

11B-105.

(a) A contract for the initial sale of a lot in a
development containing more than 12 lots to a member of the
public who intends to occupy or rent the lot for residential
purposes is not enforceable by the vendor unless:

(1)  The purchaser is given, at or before the time a
contract is entered into between the vendor and the purchaser, OR
WITHIN 7 DAYS THEREOF CALENDAR DAYS OF ENTERING INTO THE
CONTRACT, the disclosures set forth in subsection (b) of this
section;

(2)  The purchaser is given NOTICE OF ANY CHANGES IN
MANDATORY FEES AND PAYMENTS EXCEEDING 10 PERCENT OF THE AMOUNT
PREVIOUSLY STATED TO EXIST OR any OTHER substantial and material
amendment to the disclosures after the same becomes known to the
vendor; and

(3)  The contract of sale contains a notice in
conspicuous type, which shall include bold and underscored type,
in a form substantially the same as the following:

"This sale is subject to the requirements of the Maryland
Homeowners Association Act (the "Act"). The Act requires
that the seller disclose to you AT OR BEFORE THE TIME THE
CONTRACT IS ENTERED INTO, OR WITHIN 7 DAYS THEREOF, certain
information concerning the development in which the lot you
are purchasing is located. The content of the information
to be disclosed is set forth in § 11B-105(b) of the Act (THE
"MHAA INFORMATION" AS FOLLOWS: (THE NOTICE SHALL INCLUDE AT
THIS POINT THE TEXT OF § 11B-105(B) IN ITS ENTIRETY).

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