S.B. 380                                                  VETOES

[(11)](10)(i) whether the seller OR ANY PERSON DESCRIBED IN
PARAGRAPH (5) OF THIS SUBSECTION is subject to:

1.       a currently effective order of the Federal Trade Commission;
or

2.       a currently effective order that enjoins or restricts business
activity as a result of an action brought by a public agency, including an action that affects
a license as a real estate broker, associate real estate broker, or real estate salesperson;
and

(ii) if so, the date, nature, and issuer of the order and any penalty
imposed;

(11)   WHETHER THE SELLER OR ANY PERSON IDENTIFIED IN PARAGRAPH
(5) OF THIS SUBSECTION HAS FILED FOR BANKRUPTCY, BEEN ADJUDGED BANKRUPT,
BEEN REORGANIZED DUE TO INSOLVENCY, OR WAS AN OWNER, PRINCIPAL
OFFICER, OR GENERAL PARTNER OF ANY OTHER PERSON THAT HAS FILED
BANKRUPTCY, BEEN ADJUDGED BANKRUPT, OR WAS REORGANIZED DUE TO
INSOLVENCY DURING OR WITHIN THE LAST 7 YEARS;

(12)   a copy of the form of agreement proposed;

(13)   the conditions of any financing arrangement offered directly or
indirectly by the seller or an agent or affiliate of the seller;

(14)   whether the buyer receives an exclusive territory;

(15)   a complete description of any training that the seller promises, including
the length of the training;

(16)   a complete description of:

(i) any services that the seller promises will be performed in
connection with the placement of the buyer's products, equipment, or supplies at various
locations; and

(ii) the kind of agreement to be made with the owner or manager of
each location;

(17)   A COMPLETE DESCRIPTION OF ANY LICENSES OR PERMITS THAT
ARE NECESSARY IN ORDER FOR THE BUYER TO OPERATE OR ENGAGE IN THE
BUSINESS OPPORTUNITY;

(18)    if the seller gets a surety bond under § 14-115 of this subtitle, the
following statement, or a similar statement required by the Commissioner: "As required

by Maryland law, the seller has secured a bond issued by__ (name and address of surety

company), a surety company authorized to do business in the State. Before signing a
contract to buy this business opportunity, you should ask the surety company about the
current status of the bond.";

[(18)] (19) if the seller establishes a trust account under § 14-115 of this
subtitle, the following statement, or a similar statement required by the Commissioner:

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