What is the purpose of the Maryland Homeowners Association Act?

The Maryland Homeowners Association Act is designed primarily to regulate homeowners associations within the state of Maryland. This legislation provides a framework for the formation, operation, and governance of homeowners associations, ensuring that they function fairly and transparently. The Act outlines the rights and responsibilities of both the homeowners and the associations, including rules regarding assessments, governance procedures, and dispute resolution mechanisms.

By establishing these regulations, the Act aims to protect homeowners' interests and ensure that associations operate in a manner that is consistent and lawful, thereby promoting a harmonious living environment within communities governed by homeowners associations. This focus on regulation distinguishes this answer as the correct choice over options that do not directly pertain to the governance and operation of homeowners associations.