Maryland HB93 mandates home builders to disclose model home upgrades and provide a rescission period for new home contracts.
Maryland HB93 requires home builders constructing model homes to post a sign detailing all upgrades, their costs, and the base model's price and square footage. Home builders must also provide a document with similar information to prospective buyers. The bill mandates that home builders offer a rescission period of 7 business days for new home contracts, during which buyers can cancel for any reason and receive a full refund. The bill also allows home builders to charge up to $250 for consultation services.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.