§ 4.5-701. Actual loss defined
West's Annotated Code of MarylandBusiness RegulationEffective: October 1, 2008
Effective: October 1, 2008
MD Code, Business Regulation, § 4.5-701
§ 4.5-701. Actual loss defined
In this subtitle, “actual loss” means:
(2) deposits or other payments made to a home builder required to be held in an escrow account or protected by a surety bond or irrevocable letter of credit under § 10-301 or § 10-504 of the Real Property Article, that are not returned to a consumer who is entitled to a return of the deposit or other payments.
Credits
Added by Acts 2008, c. 480, § 1, eff. Oct. 1, 2008; Acts 2008, c. 481, § 1, eff. Oct. 1, 2008.
MD Code, Business Regulation, § 4.5-701, MD BUS REG § 4.5-701
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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