<?xml version='1.0' encoding='utf-8'?>
<section article="gbr" article_name="Business Regulation" number="4.5-712" title_number="4.5" title_name="Home Builder Registration" subtitle_number="7" subtitle_name="Home Builder Guaranty Fund">
  <level label="a">
    <text>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:</text>
    <level label="1">
      <text>the amount paid from the Guaranty Fund; and</text>
    </level>
    <level label="2">
      <text>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.</text>
    </level>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
  <level label="c">
    <text>If a home builder holds a license or registration in Montgomery County, the county may suspend the license as provided in this section.</text>
  </level>
</section>
