Residential Property - Assignment of Contracts of Sale - Disclosure Requirements and Rescission
Sponsor: Jeff Waldstreicher (District 18)Committee: Judicial ProceedingsSubject: Real PropertyStatus: Approved by the Governor - Chapter 509 (as of Dec 1, 2025)
What this bill does
Official synopsis
Authorizing a seller, buyer, or assignee of certain residential property to rescind a contract of sale without penalty at any time before closing if a certain seller does not provide a certain notice; establishing that an assignee is entitled to a refund of any deposit paid for the purchase of residential real property under certain circumstances; requiring that a contract of sale comply with the requirements of the Act; and applying the Act prospectively.
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Testimony (0)
MGA witness listFAV 4Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Castelli, Williamlobbyist | Rifkin, Weiner, Livingston LLC | Written (PDF) |
| FAV | Castelli, Williamlobbyist | Rifkin, Weiner, Livingston LLC | Oral + Written (PDF) |
| FAV | Senator Waldstreicher, Senator Waldstreicherlegislator | Individual | Oral |
| FAV | Senator Waldstreicher, Senator Waldstreicherlegislator | Individual | Oral |
Organizations on record
Registered lobbyists who testified
FAVCastelli, WilliamRifkin, Weiner, Livingston LLCRegistered for: ASC Engineered Solutions; Berkshire Hathaway Energy GT&S, LLC; Board of County Commissioners of Allegany County, MD; Brown Advisory; Cable Telecommunications Association of Maryland, Delaware and D.C., Inc.; Colonial Pipeline Company…
FAVCastelli, WilliamRifkin, Weiner, Livingston LLCRegistered for: ASC Engineered Solutions; Berkshire Hathaway Energy GT&S, LLC; Board of County Commissioners of Allegany County, MD; Brown Advisory; Cable Telecommunications Association of Maryland, Delaware and D.C., Inc.; Colonial Pipeline Company…