Maryland Code, BUSINESS REGULATION 8-602
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, BUSINESS REGULATION 8-602
- Contract: A legal written agreement that becomes binding when signed.
- Conviction: A judgement of guilt against a criminal defendant.
- 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) A person may not accept a completion certificate or other proof that performance of a home improvement contract is complete or satisfactorily concluded with knowledge that the document or proof is false and the performance is incomplete.
(b) If a person knows or has good reason to know that a completion certificate or other proof is false, the person may not utter, offer, or use the document or proof to:
(1) make or accept an assignment or negotiation of the right to receive payment from an owner under a home improvement contract; or
(2) get or grant credit or a loan on the security of the right to receive payment under a home improvement contract.
(c) A person who violates this section is guilty of a misdemeanor and, on conviction, is subject to a fine not exceeding $5,000 or imprisonment not exceeding 3 years or both.