Maryland Statutes
Subtitle 4 - Home Improvement Guaranty Fund
Section 8-404 - Initial Fee; Assessments

(a)    Before the Commission issues a contractor license, the contractor shall pay a fee of $100 to be credited to the Fund.
    (b)    (1)    If the Commission finds that, because of pending claims, the amount of the Fund may fall below $250,000, the Commission shall assess each contractor a fee of $50.
        (2)    However, under this subsection the Commission may not assess a contractor more than $150 in a calendar year.
    (c)    If a contractor fails to pay an assessment within 60 days after notice of the assessment, the contractor license is suspended until the assessment is paid.

Structure Maryland Statutes