§ 8–411
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 8-411 (2026)
Title 8. Home Improvement
Subtitle 4. Home Improvement Guaranty Fund
§ 8–411LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, if the Commission pays a claim against the Fund based on an act or omission of a contractor, the Commission may suspend the contractor license until the contractor reimburses the Fund in full for:
(1)
the amount paid from the Fund; and
(2)
interest on that amount at an annual rate of at least 10%, as set by the Commission.
(b)
The Commission may not suspend the contractor license if the Commission finds that the contractor or management personnel of the contractor:
(1)
did not know of the wrongful conduct; or
(2)
could not prevent the violation.
(c)
Reimbursement of the Fund in full by a contractor, by itself, does not nullify or modify the effect of a disciplinary proceeding against a licensee.