§ 4.5-302. Liability insurance
West's Annotated Code of MarylandBusiness RegulationEffective: October 1, 2008
Effective: October 1, 2008
MD Code, Business Regulation, § 4.5-302
§ 4.5-302. Liability insurance
(b) If a home builder's registration has been revoked and the home builder applies for a new registration, the Unit shall, in its discretion, approve the application on the applicant's fulfillment of specified terms and conditions, including the posting of a bond for the benefit of subcontractors, suppliers, and consumers, and the payment of any judgments or awards due to any subcontractors, suppliers, and consumers, for a period of 4 years from the date of the approval of registration, after which the licensing bond shall expire and shall no longer be required to be maintained by the registered home builder.
Credits
Added by Acts 2000, c. 522, § 1, eff. Jan. 1, 2001. Amended by Acts 2008, c. 480, § 1, eff. Oct. 1, 2008; Acts 2008, c. 481, § 1, eff. Oct. 1, 2008.
MD Code, Business Regulation, § 4.5-302, MD BUS REG § 4.5-302
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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