§ 4.5-712
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 4.5-712 (2026)
Title 4.5. Home Builder Registration
Subtitle 7. Home Builder Guaranty Fund
§ 4.5-712LinkCopy Citation
(a)
If the Division pays a claim against the Guaranty Fund based on an act or omission of a registrant, the Division may suspend the home builder registration until the registrant reimburses the Fund in full for:
(1)
the amount paid from the Guaranty Fund; and
(2)
interest on that amount at a rate determined by the Division so as not to exceed the legal rate of interest on a judgment in place at the time a claim is approved.
(b)
Reimbursement of the Guaranty Fund in full by a registrant, by itself, does not nullify or modify the effect of a disciplinary proceeding against a registrant.
(c)
If a home builder holds a license or registration in Montgomery County, the county may suspend the license as provided in this section.