Maryland § 10-501
Full text of Maryland Maryland Code § 10-501, with citation guidance and answers to common questions.
§ 10-501.
(a) In this subtitle the following words have the meanings indicated.
(b) “Buyer” means any person who seeks or enters into a contract for the construction of a custom home.
(c) “Custom home” means a single-family dwelling constructed for the buyer’s residence on land currently or previously owned by the buyer.
(d) “Custom home builder” means any person who seeks, enters into, or performs custom home contracts.
(e) “Custom home contract” means any contract entered into with the buyer, with a value equal to or greater than $20,000, to furnish labor and material in connection with the construction, erection, or completion of a custom home. A custom home contract does not mean an agreement for work to be done by a licensed home improvement contractor and subject to the provisions of Maryland Home Improvement Law.
(f) “Deposit” means any sum paid to a custom home builder at the time of the execution of a custom home contract.
(g) “Draw schedule” means a form that sets forth with particularity the sum to which the custom home builder shall be entitled as progress payment on the custom home contract after certain specified items of work have been completed on the custom home.
(h) “Person” includes an individual, corporation, business trust, statutory trust, estate, partnership, association, 2 or more persons having a joint or common interest, or any other legal or commercial entity.
Frequently Asked Questions About Maryland § 10-501
What does Maryland Code § 10-501 cover?
Section 10-501 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 § 10-501?
A common citation format is "Maryland Code § 10-501" (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 § 10-501 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.