Maryland Code, COMMERCIAL LAW 14-2403
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Terms Used In Maryland Code, COMMERCIAL LAW 14-2403
- Contract: A legal written agreement that becomes binding when signed.
(a) It is a deceptive trade practice for a sales agent to violate any requirement of this subtitle.
(b) If the sales agent violates any provision of this subtitle, the purchaser:
(1) May cancel the contract by notifying the seller in any manner, by any means, and at any time of the purchaser’s intention to cancel; and
(2) Is entitled to a refund of:
(i) All moneys paid; and
(ii) Until the refund is made, interest of 1% for each month after the date of cancellation.