Ch. 5

LAWS OF MARYLAND

Occurred: Error in subsection (b)(1) occurred in Ch.
12, § 2, Acts of 1974. Error in subsection (e)
occurred in Ch. 656, Acts of 1974.

9-106.

(c) The amount of and the surety on any bond shall be
determined and approved pursuant to [Subtitle H of] the Maryland
Rules [of Procedure] except as set forth in this subtitle. The
petitioner, or any other person interested in the property,
however, if not satisfied with the sufficiency of a surety or
with the amount of any bond given, may, at any time before entry
of a final decree, apply to the court for an order requiring an
additional bond, and upon notice to the other parties involved,
the court may order the giving of such additional bond as it may
deem proper. In lieu of filing bond, any party may deposit money
in an amount equal to the amount of the bond which would
otherwise be required, pursuant to [Rule H3 of] the Maryland
Rules [of Procedure].

DRAFTER'S NOTE:

Error: Obsolete cross-references in § 9-106 of the
Real Property Article.

Occurred: As a result of the revision of the Maryland
Rules effective July 1, 1984.

10-506.

(a) (3) The disclosure required under paragraph (1) of this
subsection shall state:

"BUYER'S RISK UNDER MECHANICS' LIEN LAWS

["Buyer's risk under mechanics' lien laws unless] UNLESS you
take certain steps to protect your interests, a subcontractor,
materialman, or supplier may become entitled to place a lien
against your property in order to ensure payment to him for
services rendered or goods delivered on or to your home. This
could mean that your home could be sold to satisfy the lien.

You may protect against such a possibility by:

(1)  Promptly paying incremental amounts due under the
contract and requiring an express accounting from your contractor
of the goods and/or services that are covered by each payment;
and

(2)  Requesting that your contractor provide you with
waivers of liens from all applicable subcontractors, suppliers,
or materialmen within a reasonable time after you have made
payment for the goods or services they provide."

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