Maryland § 4.5-701
Full text of Maryland Maryland Code § 4.5-701, with citation guidance and answers to common questions.
§ 4.5-701.
In this subtitle, “actual loss” means:
(1) the costs of restoration, repair, replacement, or completion that arise from:
(i) the incomplete construction of a new home or the breach of an express or implied warranty, as defined in §§ 10–202 and 10–203 of the Real Property Article; or
(ii) the failure to meet standards or guidelines required in § 14–117 of the Real Property Article; or
(2) deposits or other payments made to a home builder required to be held in an escrow account or protected by a surety bond or irrevocable letter of credit under § 10–301 or § 10–504 of the Real Property Article, that are not returned to a consumer who is entitled to a return of the deposit or other payments.
Frequently Asked Questions About Maryland § 4.5-701
What does Maryland Code § 4.5-701 cover?
Section 4.5-701 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 4.5-701?
A common citation format is "Maryland Code § 4.5-701" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 4.5-701 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.