Title:
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An Act amending the Consumer Protection laws of the County to change the wording required in the notice that sellers must give to purchasers of residential real property, to correct an inadvertent error in the legislation that imposed the notice requirement.
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Title
An Act amending the Consumer Protection laws of the County to change the wording required in the notice that sellers must give to purchasers of residential real property, to correct an inadvertent error in the legislation that imposed the notice requirement.
Background
The County Council and County Executive, in CB-24-2005, imposed a new notice requirement on sellers of residential real property in Prince George's County. In those cases – which occur frequently – in which sellers do not hold title to the residential lots being sold, the sellers must give written notice to purchasers of that fact. When the bill was amended in committee, however, an error was made in the wording of the required notice: in line 23 on page 2, the CB-24-2005 notice to the purchaser suggested that the purchaser was granted the right to rescind the purchase-and-sale agreement later, after the agreement was signed. This bill deletes the paragraph with the erroneous language and adds wording to clarify that the written notice (which seller and purchaser must sign) is required by County law.