§ 4-5-701

In this subtitle, 'actual loss' means: (1) the costs of restoration, repair, replacement, or completion that arise from: (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 (ii) the failure to meet standards or guidelines required in § 14–117 of the Real Property Article; or (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.