{"data":{"id":"us-md/md.-code-business-regulation-4.5-701","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 4.5–701","heading":"","body":"In this subtitle, “actual loss” means:\n(1) the costs of restoration, repair, replacement, or completion that arise from:\n(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\n(ii) the failure to meet standards or guidelines required in § 14–117 of the Real Property Article; or\n(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.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=4.5-701","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"9c90bb87d4f7562bc2575a5a5fb16edf43c0613e1344105e49302ca446ed4c19","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-4.5-606","next":"us-md/md.-code-business-regulation-4.5-702"},"notice":"GroundRules: Original legal text. Not legal advice."}