(a) The Unit shall register and issue a home builder registration number to an applicant for a home builder registration that:
(1) meets the requirements of this title; and
(2) pays to the Division an initial nonrefundable 2-year registration fee of $800.
(b) A home builder registration issued under this title may not be transferred, assigned, or pledged.
(c) A valid home builder registration authorizes the registrant to act as a home builder in the State.
(d)(1) A home builder that holds a license or registration in Montgomery County may act as a home builder in that county only, unless the home builder is also registered under this title.
(2) A home builder that holds a license or registration in Montgomery County and is not registered under this title is subject to Subtitle 7 of this title.
(3)(i) In addition to the county license or registration fee, a home builder that is required to hold a license or registration only in Montgomery County shall pay to the county a Guaranty Fund administrative fee of $250.
(ii) The county shall remit the Guaranty Fund administrative fee to the Unit to be deposited in the Registration Fund.
Credits
Added by Acts 2000, c. 522, § 1, eff. Jan. 1, 2001. Amended by Acts 2002, c. 530, § 1, eff. Jan. 1, 2003; Acts 2004, c. 430, § 1, eff. June 1, 2004; Acts 2006, c. 456, § 1, eff. Oct. 1, 2006; Acts 2008, c. 480, § 1, eff. Oct. 1, 2008; Acts 2008, c. 481, § 1, eff. Oct. 1, 2008; Acts 2016, c. 705, § 1, eff. Oct. 1, 2016; Acts 2016, c. 706, § 1, eff. Oct. 1, 2016.
MD Code, Business Regulation, § 4.5-304, MD BUS REG § 4.5-304
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.
