There is a newer version of this Section
2021 Maryland Statutes
Title 10 - Sales of Property
Subtitle 5 - Custom Home Protection Act
Section 10-503 - Payments to Custom Home Builders Held in Trust -- Presumption of Appropriation in Violation of Trust
Universal Citation: MD. Real Property Code Ann. § 10-503 (2021)
Except with the express written approval of the buyer not to pay, in the event a subcontractor or supplier fails, in the opinion of the custom home builder, to perform in accordance with the contract between the subcontractor or the supplier and the custom home builder, the failure of a custom home builder to pay or cause to be paid the lawful claims of any person furnishing labor or material, including fuel, within a reasonable period after the receipt from the buyer of consideration paid to satisfy the claims, shall create a rebuttable presumption that the consideration received by the custom home builder has been used or appropriated in violation of the trust established by this subtitle.
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