state_legiscan_drain · MD
Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses
February 6, 2026
Summary
If enacted, this bill would alter the definition of 'contingency clause' in residential real estate contracts, affecting the circumstances under which a purchaser may terminate the contract. It would also change the time period within which a holder of trust money must distribute those funds to the purchaser. This primarily impacts purchasers, real estate agents, and title companies.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0691?ys=2026RS
Common questions
- What does "Real Property - Termination of Residential Real Estate Contracts - Contingency Clauses" cover?
- If enacted, this bill would alter the definition of 'contingency clause' in residential real estate contracts, affecting the circumstances under which a…
- When was it published?
- It was published on February 6, 2026.