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§ 11B-109. False statements or omissions of material fact

West's Annotated Code of MarylandReal Property

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 11b. Maryland Homeowners Association Act (Refs & Annos)
MD Code, Real Property, § 11B-109
§ 11B-109. False statements or omissions of material fact
Liability of vendor for damages
(a) Any vendor, required under § 11B-105, § 11B-106, or § 11B-107 of this title to disclose information to a purchaser, who makes an untrue statement of a material fact, or who omits to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, shall be liable for damages proximately caused by the untrue statement or omission to the person purchasing a lot from that vendor. However, an action may not be maintained to enforce a liability created under this section unless brought within one year after the facts constituting the cause of action have or should have been discovered.
Reasonable grounds to believe information
(b) A vendor may not be liable under subsection (a) of this section if the vendor had, after reasonable investigation, reasonable grounds to believe, and did believe, at the time the information required to be disclosed under § 11B-105, § 11B-106, or § 11B-107 of this title was provided to the purchaser, that the statements were true and that there was no omission to state a material fact necessary to make the statements not misleading.
Actions to foreclose mortgages or deeds of trust
(c) The provisions of this section do not apply to trustees, mortgagees, assignees of mortgagees or other persons selling a lot in an action to foreclose a mortgage or deed of trust.

Credits

Added as Real Property § 11B-108 by Acts 1987, c. 321, § 1, eff. July 1, 1987. Renumbered as Real Property § 11B-109 by Acts 1988, c. 82, § 1, eff. April 12, 1988. Amended by Acts 1988, c. 82, § 1, eff. April 12, 1988; Acts 1989, c. 693, § 1, eff. July 1, 1989.

Editors' Notes

HISTORICAL AND STATUTORY NOTES
Prior Laws:
Real Property § 11B-109, added by Acts 1987, c. 321, § 1, related to warranties, renumbered as Real Property § 11B-110 by Acts 1988, c. 82, § 1, eff. April 12, 1988.
MD Code, Real Property, § 11B-109, MD REAL PROP § 11B-109
Current through all legislation from the 2017 Regular Session of the General Assembly
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