Loading...
A developer must file with the Director, concurrently with filing with the Secretary of State under state law, copies as required by regulation of the public offering statement described in state law, including copies of all amendments. (1982 L.M.C., ch. 2, § 1; 1996 L.M.C., ch. 13, § 1.)
(a) The developer must file with the Director, concurrently with the filing of the public offering statement under Section 11A-6, copies as required by regulation of the consumer guide required under this Section. The developer must file any later amendments to the consumer guide with the Department.
(b) The purchaser shall be given at the time a contract is entered into between the developer and purchaser a consumer guide containing all information set forth in subsection (c), as well as a public offering statement. The purchaser shall be provided with any subsequent amendments to the consumer guide.
(c) The consumer guide shall be sufficient if it contains the following:
(1) Plat.
(2) Sample deed.
(3) Estimated itemized closing costs.
(4) Estimated itemized monthly housing costs, including principal, interest, taxes, condominium fee and utilities.
(5) Statement of all warranties, including statutory implied warranties.
(6) Name(s) of institutions offering long-term financing and terms, if the developer has obtained a commitment.
(7) Other information, as required by executive regulations adopted by the County Executive under method (3) of Section 2A-15 of this Code, to promote full and fair disclosure of the details of the transaction, the nature of condominium ownership and the characteristics of the particular condominium facility.
(d) A purchaser's right to receive a consumer guide may not be waived.
(e) Concurrently with the filing of the public offering statement and consumer guide with the Department, the developer must notify tenants in the rental facility in the manner
prescribed by regulation, of the filing and of the tenants' rights to review these documents.
(f) A Montgomery County property report accepted by the Director before July 1, 1981, may be considered the consumer guide for the condominium therein described for purposes of this Section. (1981 L.M.C., ch. 26, § 2; 1982 L.M.C., ch. 2, § 1; 1984 L.M.C., ch. 24, § 14; 1996 L.M.C., ch. 13, § 1.)
Editor’s note-Section 11A-7(c) (formerly §11A-5(c)) is cited in Rockville Grosvenor, Inc. v. Montgomery County, 289 Md. 74, 422 A.2d 353 (1980).
(a) A developer must file with the Director a copy of the notice of intention to create a condominium concurrently with giving notice to tenants under state law.
(b) The owner/developer of any property in the County must notify the Director of the subjection of the property to a condominium regime in the County, concurrently with the recordation of the declaration, bylaws and condominium plat in County land records under state law. (1982 L.M.C., ch. 2, § 1; 1996 L.M.C., ch. 13, § 1.)
During the period when the developer retains control of the council of unit owners, the developer of a condominium shall budget and contribute annually to reserves. The contribution of the developer shall be in proportion to the number of condominium units owned by the developer, but in no event shall the total annual contributions of all unit owners, including the developer, be less than an amount calculated to maintain the reserve fund at a level adequate for deferred maintenance, repairs and replacement of those common elements or major components of common elements that must be replaced on a periodic basis.
The county executive shall adopt regulations under method (3) of section 2A-15 of this Code detailing requirements of the budgeted reserves to be incorporated in the consumer guide. (1982 L.M.C., ch. 2, § 1; 1983 L.M.C., ch. 55, § 2; 1984 L.M.C., ch. 24, § 14; 1984 L.M.C., ch. 27, § 13.)
Editor’s note-Section 11A-9 (formerly §1A-5C) held valid in Rockville Grosvenor, Inc. v. Montgomery County, 289 Md. 74, 422 A.2d 353 (1980).
In the case of conversion from rental or other legal status to condominiums, a professional engineer, licensed to practice in the State of Maryland, designated by a tenant organization shall be given complete access to the extent that the owner has access to the property, and to all architectural plans, drawings, specifications and related documents for the purpose of inspection and verification of all information required in the public offering statement and the consumer guide. The owner shall be held harmless for any liability for such inspection. The group of prospective purchasers shall be responsible for any damage done to the property as a result of said inspection. (1982 L.M.C., ch. 2, § 1.)
The fact that a public offering statement and a consumer guide has been filed with the county shall not constitute a finding by the county that the contents of the documents are true or accurate or that the county has in any way passed upon the merits or given approval to the condominium project. It shall be unlawful to make or cause to be made to a prospective purchaser any representations contrary to the information contained in the public offering statement or the consumer guide. It shall likewise be unlawful for any person to make or cause to be made in either the public offering statement or the consumer guide any statement of representation that is false or misleading to a prospective purchaser. (1982 L.M.C., ch. 2, § 1.)
(a) Any person subjected to any unlawful practice under this Chapter may file a complaint in writing with the Department under the provisions for filing complaints in Chapter 29.
(b) After receiving a complaint under this Chapter, the Department must conduct investigations and hearings authorized by Chapter 29 as necessary to resolve the complaint.
(c) If the Department finds that there has been a violation of this Chapter or any regulation, the Department may in its discretion:
(1) Attempt to conciliate the matter by conference or otherwise secure a written conciliation agreement; or
(2) Seek a written assurance of discontinuance signed by the developer and the Director; or
(3) Issue appropriate cease and desist orders; or
(4) Refer the matter to the County Attorney for injunctive or other appropriate legal action.
(d) Any person who violates any provision of this Chapter or fails to fulfill any obligation imposed by this Chapter or who makes any untrue or misleading statement of fact in the public offering statement or consumer guide or fails to state any fact required to be stated therein shall be liable for payment to the County of a civil penalty, recoverable in civil action, in the sum of not more than five hundred dollars ($500.00) for each such violation. Each copy of the public offering statement or consumer guide containing an untrue or misleading statement of fact or omission of any fact required to be stated therein shall constitute a separate offense. In addition thereto, the County may also proceed to enforce or correct any violations of this Chapter as a class A violation in the manner prescribed in Chapter 1, Sections 1-18 and 1-19 of the County Code.
(e) The criminal provisions of Sections 1-19 and 1-20 of the Montgomery County Code shall not apply to any violation of this Chapter.
(f) In addition to any other penalty herein provided, injunctive or other appropriate action or proceeding to correct a violation of this Chapter may be instituted by the County Attorney's office; and any court of competent jurisdiction may issue restraining orders, temporary or permanent injunctions or other appropriate forms of relief.
(g) Nothing herein shall prevent any person from exercising any right or seeking any remedy under this Chapter or exercising any right or seeking any remedy to which such person might otherwise be entitled or from filing appropriate complaints with a court of law or equity. (1982 L.M.C., ch. 2, § 1; 1983 L.M.C.,ch. 22, § 17; 1996 L.M.C., ch. 13, § 1; 2005 L.M.C., ch. 26, § 1.)
Editor’s note—2005 L.M.C., ch. 26, §§ 2 and 3, state:
Sec. 2. Regulations. A regulation which implements a function transferred to the Office of Consumer Protection by this Act continues in effect until otherwise amended or repealed, but any reference to any predecessor department or office must be treated as referring to the Office of Consumer Protection.
Sec. 3. Transition. This act does not invalidate or affect any action taken by the Department of Housing and Community Affairs before this Act took effect. Any responsibility or right granted by law, regulation, contract, or other document, and which is associated with a function transferred by this Act from the Department of Housing and Community Affairs, is transferred to the Office of Consumer Protection.
Loading...