Volume 799, Page 1190 View pdf image |
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Ch. 84 2003 LAWS OF MARYLAND (9) A copy of the proposed escrow and deposit agreements; and (10) The form and substance of any advertising campaign or proposed (c) The provider may collect deposits from prospective subscribers, provided (C-1)(1) EACH DEPOSIT AGREEMENT SHALL COMPLY WITH THE (2) IF THE DEPOSIT AGREEMENT IS USED FOR A DEPOSIT ON A UNIT FOR (I) STATE THAT ALL DEPOSITS AND ENTRANCE FEES SHALL BE 1. THE ISSUANCE OF AN INITIAL CERTIFICATE OF 2. CONSTRUCTION IS COMPLETED; 3. A CERTIFICATE OF OCCUPANCY, OR ITS EQUIVALENT, HAS 4. THE PROVIDER HAS BEEN ISSUED APPROPRIATE (II) DESCRIBE THE DISPOSITION OF ANY INTEREST EARNED ON (III) STATE THE AMOUNT OF ANY PROCESSING FEE AND WHETHER (IV) DESCRIBE THE DISPOSITION OF THE DEPOSIT IF THE DEPOSIT (3) IF THE DEPOSIT AGREEMENT IS USED FOR A DEPOSIT ON A UNIT FOR (I) STATE THAT THE PROVIDER MAY USE ALL DEPOSITS AND (II) DESCRIBE ANY APPLICABLE LIMITATIONS ON THE USE OF (d) A feasibility study may be approved by the Department when it determines - 1190 -
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Volume 799, Page 1190 View pdf image |
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