Md. Code Regs. 09.08.01.04

Current through Register Vol. 51, No. 25, December 13, 2024

Section 09.08.01.04 - Corporate or Partnership Licensure

A. A corporation or partnership may not act as a home improvement contractor unless it obtains a corporate or partnership home improvement contractor's license.

B. In order to obtain and maintain a corporate or partnership home improvement license, the corporation or partnership shall employ one individual licensed contractor who shall be in responsible charge of the corporation's or partnership's home improvement work.

C. The corporation or partnership and the individual in responsible charge of the corporation's or partnership's home improvement work shall be jointly and severally responsible for:

(1) Payment of any fees required by Business Regulation Article, §§ 8-302, 8-303, 8-308, and 8-404, Annotated Code of Maryland;

(2) Filing of a bond or other evidence of financial responsibility required by Business Regulation Article, § 8-303(c), Annotated Code of Maryland;

(3) Repayment to the Home Improvement Commission Guaranty Fund pursuant to Business Regulation Article, § 8-410, Annotated Code of Maryland, for any payments made to claimants from the Fund on account of violations by the corporation or partnership or the individual in responsible charge.

D. For purposes of applying the $100,000 limitation in Business Regulation Article, § 8-405(e)(2), Annotated Code of Maryland, on Guaranty Fund awards on account of the conduct of any one licensed contractor, the combined liability of a licensed corporation or partnership and the individual in responsible charge of the corporation's or partnership's work may not exceed $100,000 in the aggregate.

E. The Commissions may, pursuant to Business Regulation Article, § 8-311, Annotated Code of Maryland, sanction a corporation or partnership for conduct which is in violation of Business Regulation Article, Title 8, Annotated Code of Maryland.

Md. Code Regs. 09.08.01.04

Regulations .04 and new Regulation adopted effective May 19, 1986 (13:10 Md. R. 1154)
Regulation .04B amended effective July 10, 2000 (27:13 Md. R. 1211)