# Real Property (GRP)

## Title 10. Sales of Property

### Subtitle 1. Land Installment Contracts

#### Section 10-107

(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.

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Md. Code Ann., Real Prop. (as displayed at mgaleg.maryland.gov, October 16, 2026)