§ 10-301 Escrow accounts, surety bonds or irrevocable letters of credit to be maintained by vendor or builder receiving deposit
§ 10-301.1 Money received by vendor or builder
§ 10-301.2 Interest on and investment of trust money
§ 10-302 Bond payable to State; deposit; form of bond; penalty of blanket bond
§ 10-303 Irrevocable letters of credit
§ 10-303.1 Regulations
§ 10-304 Sales exempt from subtitle
§ 10-305 Penalties; unfair or deceptive trade practices
§ 10-306 Disclosure forms
contract signature

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Terms Used In Maryland Code > REAL PROPERTY > Title 10 > Subtitle 3 - Deposits On New Homes

  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See