WILLIAM DONALD SCHAEFER, Governor

Ch. 505

BY renumbering

Article 56A - Miscellaneous Business Occupations

Section 4-523 through 4-526, respectively

to be Section 4-524 through 4-527, respectively

Annotated Code of Maryland

(1983 Replacement Volume and 1987 Supplement)

(As enacted by Chapter______(S.B. 201) of the Acts of the General

Assembly of 1988)

BY adding to

Article 56A - Miscellaneous Business Occupations

Section 4-208.1 and 4-208.2 4-523

Annotated Code of Maryland

(1983 Replacement Volume and 1987 Supplement)

(As enacted by Chapter ____ (S.B. 201) of the

Acts of the General Assembly of 1988)

BY adding to

Article - Real Property

Section 14-120

Annotated Code of Maryland

(1981 Replacement Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 4-523 through 4-526, respectively, of
Article 56A - Miscellaneous Business Occupations of the Annotated

Code of Maryland (as enacted by Chapter______(S.B. 201) of the

Acts of the General Assembly of 1988) be renumbered to be
Section(s) 4-524 through 4-527, respectively.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article 56 - Licenses

212.

(G) "STATEMENT OF NEGOTIABLE SETTLEMENT EXPENSES" MEANS A
WRITTEN INFORMATIONAL STATEMENT ADDRESSING WHICH ITEMS OF EXPENSE

ARE NEGOTIABLE BETWEEN THE PARTIES TO THE REAL ESTATE

TRANSACTION.

(H) "PREPRINTED SALES CONTRACT" MEANS AN INSTRUMENT OF
WRITING IN PREPRINTED FORM THAT IS USED TO CONTRACTUALLY BIND A
BUYER AND SELLER OF RESIDENTIAL REAL PROPERTY.

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