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PARRIS N. GLENDENING, Governor
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H.B. 818
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(II) ANY PERFORMANCE STANDARDS OR GUIDELINES ADOPTED BY
THE HOME BUILDER AND INCORPORATED INTO THE CONTRACT THAT ARE EQUAL TO
OR MORE STRINGENT THAN THE PERFORMANCE STANDARDS ADOPTED AT THE TIME
OF THE CONTRACT BY THE NATIONAL ASSOCIATION OF HOME BUILDERS; OR
(III) ANY PERFORMANCE STANDARDS OR GUIDELINES ADOPTED AT
THE TIME OF THE CONTRACT BY A COUNTY OR MUNICIPAL CORPORATION THAT ARE
EQUAL TO OR MORE STRINGENT THAN THE PERFORMANCE STANDARDS OR
GUIDELINES ADOPTED AT THE TIME OF THE CONTRACT BY THE NATIONAL
ASSOCIATION OF HOME BUILDERS.
(4) THE INFORMATION REQUIRED BY PARAGRAPH (2) OF THIS
SUBSECTION SHALL BE PRINTED IN CONSPICUOUS TYPE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be
construed only prospectively and may not be applied or interpreted to have any effect
on or application to any act or omission of a home builder arising before the effective
date of this Act; that it shall apply only to contracts entered into on or after January 1,
2001; and that home builders shall be registered beginning on or after January 1,
2001.
SECTION 3. AND BE IT FURTHER ENACTED, That the Consumer Protection
Division of the Office of the Attorney General shall study the feasibility of a new home
builder guaranty fund. The Consumer Protection Division shall report its findings and
recommendations to the Senate Finance Committee and the House Economic Matters
Committee, in accordance with 2-1246 of the State Government Article, on or before
October 1, 2003.
SECTION 4. AND BE IT FURTHER ENACTED, That on or before November 1,
2001 and annually thereafter, the Consumer Protection Division of the Office of the
Attorney General shall submit an annual report of its activities regarding home
builders and provide copies of the report to the Governor, and, subject to § 2-1246 of the
State Government Article, the General Assembly.
SECTION 5. AND BE IT FURTHER ENACTED, That this Act shall take effect
January 1, 2001.
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May 18, 2000
The Honorable Casper R. Taylor, Jr.
Speaker of the House
State House
Annapolis MD 21401
Dear Mr. Speaker:
In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed House Bill 818 - Insurance Rating Law - Exempt Commercial Policyholders.
This bill exempts insurance policies issued to large commercial policyholders from
form filing requirements with the Maryland Insurance Administration. For the policy
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- 4547 -
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