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09.11.04.00.htm 09.11.04.00. Title 09 MARYLAND DEPARTMENT OF LABOR Subtitle 11 REAL ESTATE COMMISSION Chapter 04 Time Share Regulations Authority: Business Occupations and Professions Article, §17-208, Annotated Code of Maryland
09.11.04.01.htm 09.11.04.01. 01 Application for Registration.. A. Application for registration as a time share developer shall be made on forms provided by the Commission at the offices of the Commission. The application shall contain all of the documents and information required.B. A surety bond submitted with the application for registration shall be written on a form furnished by the Commission displaying the name of the principal on the bond as it appears on the application of the developer.
09.11.04.02.htm 09.11.04.02. 02 Rules of Procedure for Revocation or Suspension of Registration.. All hearings regarding denials of applications or revocations or suspensions of registration of time share developers are governed by COMAR 09.01.02.
09.11.04.03.htm 09.11.04.03. 03 Records of Transactions.. A. The developer shall maintain records of the names and addresses of licensed real estate brokers, employees, or independent contractors employed by it for the purpose of sales of time share estates in Maryland, and make those records available to the Commission upon request.B. Purchase Money.. 1) The developer shall maintain a surety bond in accordance with the schedule set forth in Real Property Article, §11A-116, Annotated Code of Maryland.
09.11.04.04.htm 09.11.04.04. 04 General Regulations.. A. A promise, assertion, representation, or statement of fact or opinion in connection with a time share marketing activity may not be made which is false, inaccurate, or misleading by reason of inclusion of an untrue statement of a material fact or omission of a statement of a material fact relative to the actual or intended characteristics, circumstances, or features of the time share project or time share estate.B. There may not be indic
09.11.04.9999.htm 09.11.04.9999. Administrative History Effective date: November 7, 1983 (10:22 Md. R. 1965). Regulation .01 amended effective June 1, 2017 (44:8 Md. R. 402). Regulation .02 amended effective June 1, 2017 (44:8 Md. R. 402). Regulation .03B amended effective June 1, 2017 (44:8 Md. R. 402).
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