Subject to this subtitle, an owner may recover compensation from the Fund for an actual loss that results from an act or omission by a licensed contractor or a violation of § 8–607(4) of this title as found by the Commission or a court of competent jurisdiction. For purposes of recovery from the Fund, the act or omission of a licensed contractor includes the act or omission of a subcontractor, salesperson, or employee of the licensed contractor, whether or not an express agency relationship exists. A claimant shall comply with a written agreement to submit a dispute to arbitration before seeking recovery from the Fund. The Commission may deny a claim if the Commission finds that the claimant unreasonably rejected good faith efforts by the contractor to resolve the claim. The Commission may not award from the Fund: more than $30,000 to one claimant for acts or omissions of one contractor; more than $250,000 to all claimants for acts or omissions of one contractor unless, after the Commission has paid out $250,000 on account of acts or omissions of the contractor, the contractor reimburses $250,000 to the Fund; an amount for attorney fees, consequential damages, court costs, interest, personal injury damages, or punitive damages; an amount as a result of a default judgment in court; or an amount in excess of the amount paid by or on behalf of the claimant to the contractor against whom the claim is filed. A claim against the Fund based on the act or omission of a particular contractor may not be made by: a spouse or other immediate relative of the contractor; an employee, officer, or partner of the contractor; or an immediate relative of an employee, officer, or partner of the contractor. An owner may make a claim against the Fund only if the owner: resides in the home as to which the claim is made; or does not own more than three residences or dwelling places. A claim shall be brought against the Fund within 3 years after the claimant discovered or, by use of ordinary diligence, should have discovered the loss or damage.