Md. Code, Business Regulation § 8-404
This is the official text of Md. Code, Business Regulation § 8-404, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.
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§8–404.
Official statutory text
(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 $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.
(b) (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.
Status: in_force · Read it on the official government site
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