Real Property - Land Installment Contracts - Requirements and Vendor Duties and Limitations
What this bill does
Requiring the vendor to provide a purchaser under a land installment contract with the results of a title search for the property at or before the time the purchaser signs the contract; requiring the inclusion of certain notice, terms, and recitals in a land installment contract formed in the State; altering the percentage of the original cash price of a land installment contract that the purchaser must pay before the purchaser may demand a grant of the deed to the property to the purchaser; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (7)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Perry, Andre | The Brookings Institution | Oral |
| FAV | Castelli, Williamlobbyist | Individual | Written (PDF) |
| FAV | Delegate Charles, Delegate Charleslegislator | Individual | Oral |
| FAV | Henry-Nickie, Makada | Individual | Oral |
| FAV | Yasgur, Stuart | Individual | Oral |
| UNF | Love, William | Individual | Position only |
| FWA | Wilpone-Welborn, Kira | Consumer Protection Division of the Maryland Office of the Attorney General | Written (PDF) |