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PARRIS N. GLENDENING, Governor H.B. 811
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(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:
(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 ASUBSIDIARY OF AN APPLICANT
OR REGISTRANT.
(N) " REGISTRANT" MEANS A PERSON REGISTERED TO BUILD NEW HOMES.
(O) " REGISTRATION FUND" MEANS THE HOME BUILDER REGISTRATION FUND.
SUBTITLE 2. HOME BUILDER REGISTRATION UNIT; HOME BUILDER REGISTRATION
FUND.
4.5-201.
THERE IS A HOME BUILDER REGISTRATION UNIT IN THE DIVISION.
4.5-202.
(A) THE UNIT SHALL MAINTAIN A LIST OF ALL REGISTRANTS.
(B) (1) THE UNIT SHALL MAKE AVAILABLE TO EACH APPLICANT FOR
REGISTRATION A COPY OF THIS TITLE AND OTHER APPLICABLE LAWS AND
REGULATIONS.
(2) THE UNIT SHALL MAKE AVAILABLE TO EACH REGISTRANT ANY
AMENDMENTS TO THIS TITLE OR OTHER APPLICABLE LAWS OR REGULATIONS AT
LEAST 30 DAYS BEFORE THE EFFECTIVE DATE OF THE AMENDMENTS.
(C) (1) IN CONSULTATION WITH THE HOMEBUILDING INDUSTRY, THE UNIT
SHALL DEVELOP A CONSUMER INFORMATION PAMPHLET WRITTEN IN PLAIN
ENGLISH THAT DESCRIBES:
(I) THE RIGHTS AND REMEDIES OF CONSUMERS IN THE
PURCHASE OF A NEW HOME; AND
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- 4537 -
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