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PARRIS N. GLENDENING, Governor
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Ch. 522
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(J) (K) (1) "NEW HOME" MEANS EACH NEWLY CONSTRUCTED
RESIDENTIAL DWELLING UNIT IN THE STATE AND THE FEATURES AND STRUCTURE
THAT ARE MADE A PART OF A NEWLY CONSTRUCTED PRIVATE DWELLING UNIT AT
THE TIME OF CONSTRUCTION.
(2) "NEW HOME" INCLUDES:
(I) A CUSTOM HOME AS DEFINED IN § 10-501(C) OF THE REAL
PROPERTY ARTICLE;
(II) A NEW HOME TO WHICH § 10-301 OF THE REAL PROPERTY
ARTICLE APPLIES;
(III) AN INDUSTRIALIZED BUILDING INTENDED FOR RESIDENTIAL
USE; AND
(IV) A MOBILE HOME.
(K) "OFFICE" MEANS THE OFFICE OF HOME BUILDER REGISTRATION.
(L) (1) "OWNER" MEANS A PERSON FOR WHOM A NEW HOME IS BUILT OR TO
WHOM A NEW HOME IS SOLD FOR OCCUPATION BY:
(I) THAT PERSON OR THE FAMILY OF THAT PERSON AS A HOME; OR
(II) THE SUCCESSORS OF THAT PERSON IN TITLE TO THE HOME OR
A MORTGAGOR IN POSSESSION.
(2) "OWNER" INCLUDES A CONTRACT PURCHASER WHO CONTRACTS
WITH A REGISTRANT FOR THE CONSTRUCTION AND PURCHASE' OF A NEW HOME.
(3) "OWNER" DOES NOT INCLUDE:
(I) A DEVELOPMENT COMPANY, ASSOCIATION, OR SUBSIDIARY
COMPANY OF A REGISTRANT; OR
(II) A PERSON OR ORGANIZATION TO WHOM THE HOME MAY BE
CONVEYED BY THE REGISTRANT FOR A PURPOSE OTHER THAN RESIDENTIAL
OCCUPATION BY THAT PERSON OR ORGANIZATION.
(M) "PRINCIPAL" MEANS:
(1) A SOLE PROPRIETOR, OFFICER, DIRECTOR, GENERAL PARTNER, OR
LIMITED LIABILITY COMPANY MANAGER OF AN APPLICANT OR REGISTRANT; AND
(2) A PERSON WITH AT LEAST 10 PERCENT OWNERSHIP IN AN
APPLICANT OR REGISTRANT OR A SUBSIDIARY OF AN APPLICANT OR REGISTRANT;
AND
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(3) PARENTS, SPOUSES, AND CHILDREN WITH A COMBINED 10 PERCENT
OWNERSHIP IN AN APPLICANT OR REGISTRANT OR A SUBSIDIARY OF AN APPLICANT
OR REGISTRANT.
(N) "REGISTRANT' MEANS A PERSON REGISTERED TO BUILD NEW HOMES.
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- 2785 -
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