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Session Laws, 1988
Volume 770, Page 1882   View pdf image
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Ch. 82

LAWS OF MARYLAND

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 PURCHASER IS GIVEN AT OR BEFORE THE TIME A
CONTRACT IS ENTERED INTO BETWEEN THE VENDOR AND THE PURCHASER, A
NOTICE IN A FORM SUBSTANTIALLY THE SAME AS THE FOLLOWING:

"NOTICE

THE SELLER IS REQUIRED BY LAW TO FURNISH YOU AT OR BEFORE
THE TIME A CONTRACT IS ENTERED INTO, OR WITHIN 7 BAYS
THEREOF CALENDAR DAYS OF ENTERING INTO THE CONTRACT, ALL OF
THE INFORMATION LISTED IN § 11B-107(B) OF THE MARYLAND
HOMEOWNERS ASSOCIATION ACT. THE INFORMATION IS AS FOLLOWS:

(THE NOTICE SHALL INCLUDE AT THIS POINT THE TEXT OF §

11B-107(B) IN ITS ENTIRETY)."

YOU MAY WITHIN 5 DAYS FOLLOWING YOUR RECEIPT OF ALL SUCH
INFORMATION, RESCIND IN WRITING THE CONTRACT WITHOUT STATING
A REASON AND WITHOUT LIABILITY ON YOUR PART, AND YOU SHALL
BE ENTITLED TO THE RETURN OF ANY DEPOSITS MADE ON ACCOUNT OF
THE CONTRACT, EXCEPT THAT THE SELLER SHALL BE ENTITLED TO
RETAIN THE COST OF REPRODUCING THE DISCLOSURES, OR $100,
WHICHEVER AMOUNT IS LESS, IF THE DISCLOSURES ARE NOT

RETURNED TO THE SELLER AT THE TIME YOU RESCIND THE

CONTRACT."

(B) THE VENDOR SHALL PROVIDE THE PURCHASER THE FOLLOWING
INFORMATION IN WRITING:

(1)  THE NAME, PRINCIPAL ADDRESS, AND TELEPHONE NUMBER
OF THE VENDOR AND OF THE DECLARANT, IF THE DECLARANT IS NOT THE
VENDOR;

(2)  A DESCRIPTION OF:

(I)  THE LOCATION AND SIZE OF THE DEVELOPMENT,
INCLUDING THE MINIMUM AND MAXIMUM NUMBER OF LOTS CURRENTLY
PLANNED OR PERMITTED, IF APPLICABLE, WHICH MAY BE CONTAINED
WITHIN THE DEVELOPMENT; AND

(II)  ANY PROPERTY OWNED BY THE DECLARANT OR THE
VENDOR CONTIGUOUS TO THE DEVELOPMENT WHICH IS TO BE DEDICATED TO
PUBLIC USE; AND

(3) A COPY OF:

(I) THE ARTICLES OF INCORPORATION, THE

DECLARATION, AND ALL RECORDED COVENANTS AND RESTRICTIONS OF THE
PRIMARY DEVELOPMENT, AND OF OTHER RELATED DEVELOPMENTS TO THE
EXTENT REASONABLY AVAILABLE, TO WHICH THE PURCHASER SHALL BECOME
OBLIGATED ON BECOMING AN OWNER OF THE LOT, INCLUDING A STATEMENT

- 1882 -

 

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Session Laws, 1988
Volume 770, Page 1882   View pdf image
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