§ 10–107

Statutes in effect as of October 1, 2026.

Md. Code Ann., Real Prop. § 10-107 (2026)

Title 10. Sales of Property

Subtitle 1. Land Installment Contracts

(a)

Every vendor under a land installment contract shall mail or deliver a statement to the purchaser:

(1)

When 40 percent of the original cash price has been paid; and

(2)

(i)

Annually within 30 days of January 1; or

(ii)

On demand of the purchaser no more than twice a year.

(b)

The statement shall show:

(1)

The total amount paid for any ground rent, insurance, taxes, and any other periodic charge;

(2)

The amount credited to principal and interest; and

(3)

The balance due.