Finance (alternative)
Maryland's 'Homeowners Association Disclosure Act' requires that buyers of homes in HOA communities receive:
AOnly the HOA rules and regulations
BA copy of the governing documents, current budget, and information about fees and any pending assessments✓ Correct
CThe HOA's insurance policy only
DOnly notification that an HOA exists
Explanation
Maryland's HOA disclosure requirements ensure buyers receive governing documents, financial information, fee schedules, and information about any pending special assessments before settlement.
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