Md. Code, Bus. Reg. § 8-411
Current with changes from the 2024 Legislative Session, chs. 2--407, effective on or before 7/1/2024
Section 8-411 - Disciplinary proceedings(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.