Legislation
SECTION 465
Remedy
Real Property (RPP) CHAPTER 50, ARTICLE 14
§ 465. Remedy. 1. In the event a seller fails to perform the duty
prescribed in this article to deliver a disclosure statement prior to
the signing by the buyer of a binding contract of sale, the buyer shall
receive upon the transfer of title a credit of five hundred dollars
against the agreed upon purchase price of the residential real property.
2. Any seller who provides a property condition disclosure statement
or provides or fails to provide a revised property condition disclosure
statement shall be liable only for a willful failure to perform the
requirements of this article. For such a willful failure, the seller
shall be liable for the actual damages suffered by the buyer in addition
to any other existing equitable or statutory remedy.
prescribed in this article to deliver a disclosure statement prior to
the signing by the buyer of a binding contract of sale, the buyer shall
receive upon the transfer of title a credit of five hundred dollars
against the agreed upon purchase price of the residential real property.
2. Any seller who provides a property condition disclosure statement
or provides or fails to provide a revised property condition disclosure
statement shall be liable only for a willful failure to perform the
requirements of this article. For such a willful failure, the seller
shall be liable for the actual damages suffered by the buyer in addition
to any other existing equitable or statutory remedy.