WILLIAM DONALD SCHAEFER, Governor

Ch. 5

approval of the purchaser if the amendment would affect
materially the rights of the purchaser.

(e)  Any purchaser may at any time (1) within 15 days
following receipt of all of the information required under
subsection (b) OF THIS SECTION; and (2) within 5 days following
receipt of the information required under subsection (d) OF THIS
SECTION, rescind in writing the contract of sale without stating
any reason and without any liability on his part, and he shall be
entitled to the return of any deposits made on account of the
contract.

(f)  Any vendor who, in disclosing the information required
under subsections (a) and (b) OF THIS SECTION, makes any untrue
statement of a material fact, or omits to state a material fact
necessary in order to make the statements made, in the light of
circumstances under which they were made, not misleading, shall
be liable to any person purchasing a unit from the vendor for
those damages proximately caused by the vendor's untrue statement
or omission. However, an action may not be maintained to enforce
any liability created under this section unless brought within 1
year after the facts constituting the cause of action are or
should have been discovered.

DRAFTER'S NOTE:

Error: Stylistic errors in § ll-126(a)(1), (b),
(d)(1), (e), and (f) of the Real Property Article.

Occurred: The errors in subsection (a)(1), the

introductory language in subsection (b), and

subsections (b)(4), (d)(1), (e), and (f) occurred in
Ch. 348, Acts of 1976.

The error in subsection (b)(12) occurred in Ch. 836,
Acts of 1982.

11-127.

(a) A contract for the initial sale of a unit to a member
of the public may not be entered into until the public offering
statement for the proposed condominium regime has been registered
with the Secretary of State and until 10 days after all
amendments then applicable to the public offering statement have
been filed with the Secretary of State under subsection (d) OF
THIS SECTION.

(c) (2) If the Secretary of State determines that the
application complies with § 11-126 of this title, the Secretary
shall issue promptly an order registering the condominium.
Otherwise, unless the developer has consented in writing to a
delay not to exceed 30 days, the Secretary shall issue promptly
an order rejecting registration. The order shall include the

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