WILLIAM DONALD SCHAEFER, Governor                      Ch. 82

THAT THESE OBLIGATIONS ARE ENFORCEABLE AGAINST OWNER AND THE
OWNER'S TENANTS, IF APPLICABLE; AND

(II) THE BYLAWS AND RULES OF THE PRIMARY

DEVELOPMENT, AND OF OTHER RELATED DEVELOPMENTS TO THE EXTENT
AVAILABLE, TO WHICH THE PURCHASER SHALL BECOME OBLIGATED ON
BECOMING AN OWNER OF THE LOT, INCLUDING A STATEMENT THAT THESE
OBLIGATIONS ARE ENFORCEABLE AGAINST AN OWNER AND THE OWNER'S
TENANTS, IF APPLICABLE;

(4) A DESCRIPTION OR STATEMENT OF ANY PROPERTY,
WHETHER EXISTING OR PROPOSED, WHICH IS CURRENTLY PLANNED TO BE
OWNED, LEASED, OR MAINTAINED BY THE HOMEOWNERS ASSOCIATION; AND

(5) A COPY OF THE ESTIMATED, PROPOSED, OR ACTUAL
ANNUAL BUDGET FOR THE HOMEOWNERS ASSOCIATION FOR THE CURRENT
FISCAL YEAR, INCLUDING A DESCRIPTION OF THE REPLACEMENT RESERVES,
IF ANY, FOR COMMON AREA IMPROVEMENTS AND A COPY OF THE ESTIMATED
OR PROPOSED BUDGET FOR THE HOMEOWNERS ASSOCIATION BASED UPON THE
DEVELOPMENT FULLY EXPANDED IN ACCORDANCE WITH EXPANSION RIGHTS
CONTAINED IN THE DECLARATION.

(3) A COPY OF THE BYLAWS AND RULES OF THE PRIMARY
DEVELOPMENT, AND OF OTHER RELATED DEVELOPMENTS TO THE EXTENT
AVAILABLE, TO WHICH THE PURCHASER SHALL BECOME OBLIGATED ON
BECOMING AN OWNER OF THE LOT, INCLUDING A STATEMENT THAT THESE
OBLIGATIONS ARE ENFORCEABLE AGAINST AN OWNER AND THE OWNER'S
TENANTS, IF APPLICABLE.

(C) IN SATISFYING A VENDOR'S REQUEST FOR ANY INFORMATION
DESCRIBED UNDER SUBSECTION (B) OF THIS SECTION, A HOMEOWNERS
ASSOCIATION:

(1)  SHALL BE ENTITLED TO DIRECT THE VENDOR TO OBTAIN
THE INFORMATION FROM THE DEPOSITORY FOR ALL DISCLOSURES CONTAINED
IN THE DEPOSITORY AFTER JUNE 30, 1989; AND

(2)  MAY NOT BE REQUIRED TO SUPPLY A VENDOR WITH ANY
INFORMATION WHICH IS CONTAINED IN THE DEPOSITORY.

[11B-107.] 11B-108.

(a) A person who signs ENTERS INTO a contract as a
purchaser but who has not received ALL OF the disclosures
required by § 11B-105 [or], § 11B-106, OR § 11B-107 OF THIS
TITLE, as applicable, shall, prior to settlement, be entitled to
rescind CANCEL the contract and to the immediate return of
deposits made on account of the contract.

(B) (1) ANY PURCHASER WHO HAS NOT RECEIVED ALL OF THE
DISCLOSURES REQUIRED UNDER § 11B-105 OR § 11B-106 OF THIS TITLE,
AS APPLICABLE, 5 CALENDAR DAYS OR MORE BEFORE THE CONTRACT WAS
ENTERED INTO, WITHIN 5 CALENDAR DAYS FOLLOWING RECEIPT BY THE

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