HOUSE BILL 106

Sponsored By:

Delegates Brown, Kagan, Moe, Frush, Hill, and Pitkin

Entitled:

Maryland Condominium Act - Disclosure Requirements - Public Offering Statement

Synopsis:

Requiring the vendor of a condominium to provide the purchaser with a current public offering statement; requiring the public offering statement to include a plain language statement of the policy and procedures for collecting assessments and handling collection of delinquencies, including specified reasonable details; and providing that a public offering statement is current if certain information is updated and filed by the developer at least annually.

History by Legislative Date

House Action

1/25

First Reading Economic Matters

1/27

Hearing 2/2 at 1:00 p.m.

2/23

Favorable with Amendments Report by Economic Matters

2/24

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

2/26

Third Reading Passed (136-0)

4/4

Return Passed

4/13

Signed by the Governor Chapter 66

Senate Action

3/1

First Reading Judicial Proceedings

3/17

Hearing 3/25 at 1:00 p.m.

4/5

Favorable Report by Judicial Proceedings

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (46-0)

Sponsored by:

Delegate Anthony Brown, District 25

Delegate Barbara Frush, District 21

Delegate Kerry Hill, District 26

Delegate Cheryl C. Kagan, District 17

Delegate Brian R. Moe, District 21

Delegate Joan B. Pitkin, District 23

Bill indexed under the following Subjects:

ASSESSMENTS

CONDOMINIUMS

CONSUMER PROTECTION -see also- ADVTG.; LABELING; WARRANTIES.

DISCLOSURE

Bill affects the following Statutes:

Real Property

( 11-126 , 11-127 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 523385/1 (PDF)     Offered on: February 24, 1999   at: 10:19 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

February 26, 1999: Third Reading Passed (137-0)

Senate

April 6, 1999: Third Reading Passed (46-0)