Maryland Code, BUSINESS REGULATION 8-315
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, BUSINESS REGULATION 8-315
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) Except as otherwise provided in subsection (b) of this section, a contractor may not pay or otherwise compensate another person for performing or selling a home improvement unless:
(1) the person to be paid or compensated is licensed;
(2) the person to be paid or compensated is not subject to the licensing requirements of this title; or
(3) the transaction for which the consideration is to be paid is not subject to this title.
(b) After the expiration, suspension, or revocation of a license, a person:
(1) is not relieved of outstanding obligations; and
(2) may complete and be paid under a home improvement contract that is made but not performed on the date of the expiration, suspension, or revocation.