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, from 40% to 20%, 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 (11)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Wilpone-Welborn, Kira | Consumer Protection Division of the Maryland Office of the Attorney General | Written (PDF) |
| FAV | Zwiebach, Evelyn | Enterprise Community Partners | Oral + Written (PDF) |
| FAV | Williams, Veranda | Exit First Realty | Oral |
| FAV | Fithian, Ronald | Kent County Board of Commissioners | Oral |
| FAV | Castelli, Williamlobbyist | Rifkin, Weiner, Livingston LLC | Written (PDF) |
| FAV | Castelli, Williamlobbyist | Rifkin, Weiner, Livingston LLC | Written (PDF) |
| FAV | Delegate Taylor, Delegate Taylorlegislator | Individual | Oral |
| FAV | Delegate Taylor, Delegate Taylorlegislator | Individual | Oral |
| FAV | Parker, Janna | Individual | Oral |
| FAV | Thornton, Linda | Individual | Written (PDF) |
| FWA | Wilpone-Welborn, Kira | Consumer Protection Division of the Maryland Office of the Attorney General | Written (PDF) |