§ 8-404
99 words·~1 min read·
/md/business-regulation/8-404·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–404.
(a)Before the Commission issues a contractor license, the contractor shall pay a fee of $100 to be credited to the Fund.
(1)If the Commission finds that, because of pending claims, the amount of the Fund may fall below $1,000,000, 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.