(F) A PURCHASER WHO RECEIVES THE DISCLOSURE ON OR BEFORE
ENTERING INTO THE CONTRACT OF SALE WHO RECEIVES THE DISCLOSURE ON OR
BEFORE ENTERING INTO THE CONTRACT OF SALE DOES NOT HAVE THE RIGHT TO
RESCIND THE CONTRACT OF SALE BASED UPON THE INFORMATION CONTAINED IN.
THE DISCLOSURE STATEMENT.

(G) (1) IF THE DISCLOSURE STATEMENT IS DELIVERED LATER THAN 10
DAYS AFTER THE VENDOR ENTERS INTO A CONTRACT OF SALE WITH THE
PURCHASER, THE CONTRACT IS VOID.

(2) A PURCHASER WHO DOES NOT RECEIVE THE DISCLOSURE
STATEMENT ON OR BEFORE ENTERING INTO THE CONTRACT OF SALE HAS THE
UNCONDITIONAL RIGHT, UPON WRITTEN NOTICE TO THE VENDOR OR VENDOR'S
AGENT:                     

(I) TO RESCIND THE CONTRACT OF SALE AT ANY TIME BEFORE
THE RECEIPT OF THE DISCLOSURE STATEMENT OR WITHIN 5 DAYS FOLLOWING
RECEIPT OF THE DISCLOSURE STATEMENT; AND

(II) TO THE IMMEDIATE RETURN OF ANY DEPOSITS MADE ON
ACCOUNT OF THE CONTRACT.

(G) (1) IF THE DISCLOSURE STATEMENT IS DELIVERED LATER THAN 10 3 DAYS
AFTER THE VENDOR ENTERS INTO A CONTRACT OF SALE WITH THE PURCHASER, THE
CONTRACT IS VOID:                                                                        

(2) A PURCHASER WHO DOES NOT RECEIVE THE DISCLOSURE STATEMENT
ON OR BEFORE ENTERING INTO THE CONTRACT OF SALE HAS THE UNCONDITIONAL
RIGHT, UPON WRITTEN NOTICE TO THE VENDOR OR VENDOR'S AGENT:

(I) TO RESCIND THE CONTRACT OF SALE AT ANY TIME BEFORE THE
RECEIPT OF THE DISCLOSURE STATEMENT OR WITHIN 5 DAYS FOLLOWING RECEIPT OF
THE DISCLOSURE STATEMENT; AND                                           

(II) TO THE IMMEDIATE RETURN OF ANY DEPOSITS MADE ON
ACCOUNT OF THE CONTRACT.

(3) A PURCHASER'S RIGHT TO RESCIND THE CONTRACT OF SALE UNDER

THIS SUBSECTION "TERMINATES IF NOT EXERCISED BEFORE MAKING A WRITTEN

APPLICATION TO A LENDER FOR A MORTGAGE LOAN, IF THE LENDER DISCLOSES IN

WRITING AT OR BEFORE THE TIME APPLICATION IS MADE THAT THE RIGHT TO RESCIND

TERMINATES ON SUBMISSION OF THE APPLICATION.

(H) (G) (H) A VENDOR IS NOT LIABLE FOR AN ERROR, INACCURACY, OR
OMISSION IN A DISCLOSURE STATEMENT MADE UNDER THIS SECTION IF THE
ERROR, INACCURACY, OR OMISSION WAS BASED UPON INFORMATION THAT WAS:

(1)      NOT WITHIN THE ACTUAL KNOWLEDGE OF THE VENDOR;

(2)      PROVIDED TO THE VENDOR BY A UNIT OR INSTRUMENTALITY OF
THE STATE GOVERNMENT OR OF A POLITICAL SUBDIVISION; OR

- 3116 -

1993 LAWS OF MARYLAND

Ch. 640