Md. Code, Business Regulation § 4.5-302
This is the official text of Md. Code, Business Regulation § 4.5-302, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.
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§4.
Official statutory text
§4.5–302.
(a) Each person that constructs new homes for sale to the public shall maintain general liability insurance for at least $100,000.
(b) If a home builder’s registration has been revoked and the home builder applies for a new registration, the Unit shall, in its discretion, approve the application on the applicant’s fulfillment of specified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.
(a) Each person that constructs new homes for sale to the public shall maintain general liability insurance for at least $100,000.
(b) If a home builder’s registration has been revoked and the home builder applies for a new registration, the Unit shall, in its discretion, approve the application on the applicant’s fulfillment of specified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.
Status: in_force · Read it on the official government site
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