WILLIAM DONALD SCHAEFER, Governor

Ch. 756

(1)  TWO TIMES THE AMOUNT OF DEFERRED CHARGES THE
PURCHASER WOULD BE OBLIGATED TO PAY DURING THE 5 YEARS OF
PAYMENTS FOLLOWING THE SALE;

(2)  NO AMOUNT GREATER THAN ACTUALLY PAID THEREAFTER;

AND

(3)  ANY DEPOSIT MONEYS ACTUALLY PAID BY THE PURCHASER
THAT WERE LOST AS A RESULT OF VIOLATION OF SUBSECTION (B) OF THIS
SECTION.

(D)  A CONTRACT FOR USE IN THE SALE OF RESIDENTIAL PROPERTY
USED AS A DWELLING PLACE FOR ONE OR TWO SINGLE-FAMILY UNITS SHALL
CONTAIN, IN THE MANNER PROVIDED UNDER SUBSECTION (E) OF THIS
SECTION, THE FOLLOWING STATEMENT:

"SECTION 14-104 OF THE REAL PROPERTY ARTICLE OF THE
ANNOTATED CODE OF MARYLAND PROVIDES THAT, UNLESS
OTHERWISE NEGOTIATED IN THE CONTRACT OR PROVIDED BY
LOCAL LAW, THE COST OF ANY RECORDATION TAX OR ANY
STATE OR LOCAL TRANSFER TAX SHALL BE SHARED EQUALLY
BETWEEN THE BUYER AND SELLER."

(E)  THE STATEMENT REQUIRED UNDER SUBSECTION (D) OF THIS
SECTION SHALL BE PRINTED IN CONSPICUOUS TYPE OR HANDWRITTEN IN
THE CONTRACT OR AN ADDENDUM TO THE CONTRACT.

(F)  A CONTRACT OF SALE SHALL ALSO COMPLY WITH THE FOLLOWING
PROVISIONS, IF APPLICABLE:

(1)  ARTICLE 56A, § 4-405 OF THE CODE (NOTICE OF
PURCHASER'S PROTECTION BY REAL ESTATE GUARANTY FUND IN AN AMOUNT
NOT TO EXCEED $25,000);

(2)  ARTICLE 56A, § 4-504 OF THE CODE (NOTICE BY REAL
ESTATE BROKER PERTAINING TO DEPOSIT IN NONINTEREST BEARING
ACCOUNT);

(3)  ARTICLE 56A, § 4-523 OF THE CODE (NOTICE BY REAL
ESTATE BROKER ABOUT RECORDATION AND TRANSFER TAXES);

(4)  ARTICLE 56A, § 4-524 OF THE CODE (NOTICE OF
PURCHASER'S RIGHT TO SELECT TITLE COMPANY);

(5)  SECTION 10-110 OF THIS ARTICLE (NOTICE PERTAINING
TO SALE OF REAL PROPERTY IN PRINCE GEORGE'S COUNTY CREATING
SUBDIVISION);

(5) (6) SECTION 11-126 OF THIS ARTICLE (NOTICE
PERTAINING TO INITIAL SALE OF CONDOMINIUM UNIT);

(6) (7) SECTION 11-135 OF THIS ARTICLE (NOTICE
PERTAINING TO RESALE OF CONDOMINIUM UNIT);

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