PARRIS N. GLENDENING, Governor                              Ch. 675

(3) (I) A SELLER OF PRENEED GOODS OR PRENEED SERVICES THAT
SELLS ITS BUSINESS. FILES A PETITION IN BANKRUPTCY. OR CEASES TO OPERATE
SHALL PROVIDE WRITTEN NOTICE WITHIN 15 DAYS:

1. TO THE DIRECTOR, DETAILING THE CHANGES AND THE
ARRANGEMENTS THE SELLER HAS MADE FOR CARRYING OUT THE PRENEED
BURIAL CONTRACTS AND THE DISBURSEMENT OF ANY MONEYS HELD IN AN
ESCROW OR TRUST ACCOUNT; AND

2. TO EACH BUYER OF A PRENEED BURIAL CONTRACT.
ADVISING THE BUYER OF THE BUYER'S OPTIONS UNDER STATE LAW IN REGARD TO
THE PRENEED CONTRACT.

(II) NOTHING IN THIS PARAGRAPH EXEMPTS A SELLER OF
PRENEED GOODS OR SERVICES THAT SELLS ITS BUSINESS. FILES A PETITION IN
BANKRUPTCY. OR CEASES TO OPERATE FROM FILING THE ANNUAL REPORT
REQUIRED UNDER THIS SECTION.

(C) ON REQUEST, A SELLER OF A PRENEED BURIAL CONTRACT SHALL
PROVIDE EACH BUYER OR PROSPECTIVE BUYER WITH A GENERAL PRICE LIST FOR
THE BUYER OR PROSPECTIVE BUYER TO KEEP WHICH SHALL INCLUDE:

(1)     SPECIFIC PRICES FOR:

(I) GROUND OPENING AND CLOSING:
(II) EXTRA DEPTH INTERMENT;

(III)   INTERMENT OF CREMATED REMAINS; AND

(IV)   MAUSOLEUM ENTOMBMENT: AND

(2)     GENERAL PRICE RANGES FOR BURIAL SPACE OR PRENEED GOODS.

(D) A SELLER OF A PRENEED BURIAL CONTRACT SHALL DISCLOSE TO THE
BUYER:

(1)     ALL GOODS AND SERVICES THAT ARE REASONABLY EXPECTED TO
BE REQUIRED AT THE TIME OF NEED THAT ARE NOT INCLUDED IN THE PRENEED
BURIAL CONTRACT:

(2)     THE BUYER'S CANCELLATION AND REFUND RIGHTS UNDER § 5-709
OF THIS SUBTITLE;

(3)     THE PERSON RESPONSIBLE FOR INSTALLATION OF THE GOODS SOLD
AND ANY WARRANTIES FOR THE GOODS SOLD; AND

(4)     IF THE PRENEED CONTRACT PROVIDES FOR GOODS OR SERVICES
TO BE DELIVERED OR PERFORMED BEFORE DEATH:

(I) THAT INTEREST OR FINANCE CHARGES MAY BE IMPOSED:

- 3901 -