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Session Laws, 2000
Volume 797, Page 4538   View pdf image
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H.B. 811 VETOES
(II) ANY OTHER INFORMATION THAT THE DIVISION CONSIDERS
REASONABLY NECESSARY TO ASSIST CONSUMERS. (2) THE DIVISION SHALL PROVIDE EACH REGISTERED HOME BUILDER
WITH A SUFFICIENT NUMBER OF COPIES OF THE CONSUMER INFORMATION
PAMPHLETS AS NEEDED BY THE HOME BUILDER (3) A HOME BUILDER SHALL PROVIDE EACH CONTRACT PURCHASER
WITH THE CONSUMER INFORMATION PAMPHLET BEFORE ENTERING INTO A
CONTRACT FOR THE INITIAL SALE OF A NEW HOME. (4) THE CONTRACT PURCHASER SHALL ACKNOWLEDGE IN WRITING THE
RECEIPT OF THE CONSUMER INFORMATION PAMPHLET. (5) THE FAILURE OF A HOME BUILDER TO PROVIDE A COPY OF THE
CONSUMER PROTECTION PAMPHLET TO A CONTRACT PURCHASER MAY NOT BE
USED AS A BASIS FOR INVALIDATION OF THE CONTRACT FOR THE INITIAL SALE OF A
NEW HOME. (D) THE UNIT SHALL COLLECT AND MAINTAIN INFORMATION ON THE
RESOLUTION OF CONSUMER COMPLAINTS INVOLVING NEW HOME BUILDERS. 4.5-203. (A) (1) THERE IS A HOME BUILDER REGISTRATION FUND. (2) THE DIVISION SHALL ADMINISTER THE REGISTRATION FUND. (3) THE REGISTRATION FUND SHALL BE USED TO COVER THE ACTUAL
DOCUMENTED DIRECT AND INDIRECT COSTS INCURRED FOR THE ADMINISTRATION
AND ENFORCEMENT OF THE MARYLAND HOME BUILDERS REGISTRATION ACT. (4) THE REGISTRATION FUND IS A CONTINUING, NONLAPSING FUND,
AND IS SUBJECT TO § 7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. (5) UNSPENT ASSETS OF THE REGISTRATION FUND SHALL REMAIN IN
THE REGISTRATION FUND AND MAY NOT REVERT OR BE TRANSFERRED TO THE
GENERAL FUND OF THE STATE. (6) THE REGISTRATION FUND MAY NOT BE SUPPORTED BY
APPROPRIATIONS OF STATE FUNDS. (B) (1) BY REGULATION, THE DIVISION SHALL ESTABLISH REASONABLE
FEES THAT MAY NOT EXCEED $600 OVER A 2-YEAR PERIOD, AND A FEE SCHEDULE
FOR THE ISSUANCE AND RENEWAL OF REGISTRATIONS. (2) THE FEES CHARGED SHALL APPROXIMATE THE DIRECT AND
INDIRECT COSTS OF ADMINISTERING AND ENFORCING THE MARYLAND HOME
BUILDERS REGISTRATION ACT. (C) THE DIVISION SHALL PAY ALL FUNDS COLLECTED UNDER § 4.5-303 OF
THIS TITLE TO THE COMPTROLLER WHO SHALL DISTRIBUTE THE FEES TO THE
REGISTRATION FUND.
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Session Laws, 2000
Volume 797, Page 4538   View pdf image
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