§ 8-411
134 words·~1 min read·
/md/business-regulation/8-411A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–411.
(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.