Maryland Statutes
Subtitle 1 - Land Installment Contracts
Section 10-107 - Statement to Be Furnished by Vendor

(a)    Every vendor under a land installment contract shall mail or deliver a statement to the purchaser:
        (1)    When 40 percent of the original cash price has been paid; and
        (2)    (i)    Annually within 30 days of January 1; or
            (ii)    On demand of the purchaser no more than twice a year.
    (b)    The statement shall show:
        (1)    The total amount paid for any ground rent, insurance, taxes, and any other periodic charge;
        (2)    The amount credited to principal and interest; and
        (3)    The balance due.

Structure Maryland Statutes