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H.B. 811 VETOES
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(5) THE NAMES OF ALL APPLICANTS AND PRINCIPALS WHO HAVE
PREVIOUSLY APPLIED FOR REGISTRATION, AND THE DISPOSITION OF ALL PREVIOUS
APPLICATIONS;
(6) THE NAMES OF ANY APPLICANT OR PRINCIPAL THAT WAS A
PRINCIPAL IN AN ENTITY THAT PREVIOUSLY APPLIED FOR REGISTRATION;
(7) A LIST OF ALL STATES AND OTHER JURISDICTIONS IN WHICH THE
APPLICANT HOLDS A SIMILAR REGISTRATION OR LICENSE;
(8) A LIST OF ALL STATES AND OTHER JURISDICTIONS IN WHICH THE
APPLICANT HAS HAD A SIMILAR REGISTRATION OR LICENSE SUSPENDED OR
REVOKED;
(9) A STATEMENT WHETHER ANY PENDING JUDGMENTS OR TAX LIENS
EXIST AGAINST THE APPLICANT;
(10) (I) THE ELECTION MADE BY THE APPLICANT REGARDING DEPOSIT
MONEYS UNDER § 10-301 OF THE REAL PROPERTY ARTICLE; AND
(II) IF THE APPLICANT ELECTS TO HOLD DEPOSITS IN AN ESCROW
ACCOUNT, THE ACCOUNT NUMBER AND THE NAME OF THE FINANCIAL INSTITUTION
THAT HOLDS THE ESCROW ACCOUNT;
(11) IF THE APPLICANT PARTICIPATES IN A NEW HOME WARRANTY
SECURITY PLAN, THE NAME AND ADDRESS OF THE WARRANTY COMPANY; AND
(12) THE NAME OF THE INSURANCE CARRIER AND THE POLICY NUMBER
OF THE GENERAL LIABILITY COVERAGE REQUIRED UNDER § 4.5-302 OF THIS
SUBTITLE.
4.5-304.
(A) THE UNIT SHALL REGISTER AND ISSUE A HOME BUILDER REGISTRATION
NUMBER. TO AN APPLICANT THAT MEETS THE REQUIREMENTS OF THIS TITLE.
(B) A REGISTRATION ISSUED UNDER THIS TITLE MAY NOT BE TRANSFERRED,
ASSIGNED, OR PLEDGED.
(C) A VALID REGISTRATION AUTHORIZES THE REGISTRANT TO ACT AS A
HOME BUILDER IN THE STATE.
(D) A HOME BUILDER THAT HOLDS A LICENSE OR REGISTRATION IN
MONTGOMERY COUNTY MAY ACT AS A HOME BUILDER IN THAT COUNTY ONLY,
UNLESS THE HOME BUILDER IS ALSO REGISTERED UNDER THIS TITLE.
4.5-305.
(A) (1) UNLESS RENEWED UNDER THIS SECTION. A REGISTRATION EXPIRES
ON THE SECOND ANNIVERSARY OF ITS EFFECTIVE DATE.
(2) A REGISTRANT THAT MEETS THE REQUIREMENTS OF SUBSECTION
(C) OF THIS SECTION MAY OBTAIN A RENEWAL OF A REGISTRATION BEFORE THE
REGISTRATION EXPIRES FOR AN ADDITIONAL 2-YEAR TERM.
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- 4540 -
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