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PARRIS N. GLENDENING, Governor
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Ch. 522
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(D) THE OFFICE OF LEGISLATIVE AUDITS SHALL AUDIT THE ACCOUNTS AND
TRANSACTIONS OF THE REGISTRATION FUND UNDER § 2-1220 OF THE STATE
GOVERNMENT ARTICLE.
SUBTITLE 3. REGISTRATION.
4.5-301.
EXCEPT AS OTHERWISE PROVIDED IN THIS TITLE, A PERSON MAY NOT ACT AS A
HOME BUILDER IN THE STATE UNLESS THE PERSON IS REGISTERED AS A HOME
BUILDER UNDER THIS TITLE.
4.5-302.
(A) EACH PERSON THAT CONSTRUCTS NEW HOMES FOR SALE TO THE PUBLIC
SHALL MAINTAIN:
(1) GENERAL LIABILITY INSURANCE FOR AT LEAST $100,000; AND.
(2) (B) A BOND FOR THE USE AND BENEFIT OF SUBCONTRACTORS AND
SUPPLIERS FOR AT LEAST $250,000 IF A HOME BUILDER'S REGISTRATION HAS BEEN
REVOKED AND THE HOME BUILDER APPLIES FOR A NEW REGISTRATION, THE UNIT
SHALL, IN ITS DISCRETION, APPROVE THE APPLICATION ON THE APPLICANT'S
FULFILLMENT OF SPECIFIED TERMS AND CONDITIONS, INCLUDING THE POSTING OF
A BOND FOR THE BENEFIT OF SUBCONTRACTORS AND SUPPLIERS, SUPPLIERS, AND
CONSUMERS. AND THE PAYMENT OF ANY JUDGMENTS OR AWARDS DUE TO ANY
SUBCONTRACTORS OR SUPPLIERS, SUPPLIERS. AND CONSUMERS, FOR A PERIOD OF 4
YEARS FROM THE DATE OF THE APPROVAL OF REGISTRATION, AFTER WHICH THE
LICENSING BOND SHALL EXPIRE AND SHALL NO LONGER BE REQUIRED TO BE
MAINTAINED BY THE REGISTERED HOME BUILDER.
4.5-303.
(A) TO APPLY FOR REGISTRATION, AN APPLICANT SHALL;
(1) SUBMIT TO THE DIRECTOR UNIT UNDER OATH AN APPLICATION ON
THE FORM PROVIDED BY THE DIRECTOR UNIT; AND
(2) PAY A NONREFUNDABLE APPLICATION FEE ESTABLISHED THROUGH
REGULATION.
(B) THE APPLICATION SHALL REQUIRE AN APPLICANT TO PROVIDE;
(1) THE APPLICANT'S NAME;
(2) THE APPLICANT'S BUSINESS ADDRESS, TELEPHONE NUMBER, AND,
IF APPLICABLE, ELECTRONIC MAIL ADDRESS;
(3) IN THE CASE OF AN APPLICANT WHO IS AN INDIVIDUAL, THE
APPLICANT'S SOCIAL SECURITY NUMBER;
(4) IN THE CASE OF AN APPLICANT OTHER THAN AN INDIVIDUAL:
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- 2789 -
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