What information about the guaranty fund must be included in every Maryland sales contract?
1. What is the Guaranty Fund? Show
2. Who is eligible to file a claim against the Guaranty Fund? 3. Who is not eligible to file a claim against the Guaranty Fund? 4. Is there a time limit for filing a claim? 5. How do I get a Guaranty Fund claim form? 6. What is the difference between a complaint form and a claim form? 7. I filed a complaint so why do I also have to file a claim? 8. How much money can I recover from the Guaranty Fund? 9. What costs does the Guaranty Fund cover? 10. What claims are dismissed without a hearing? 11. What do I need to submit with my claim form? 12. Why do I need to give copies of my contract, change orders and cancelled checks? 13. What happens after I file a claim? 14. After I file a claim, how long does the process take? 15. Why does the process take so
long? 16. If I repair the work
before the Guaranty Fund hearing, will it hurt my claim? 17. How do I check on the status of my claim? 18. What if the home improvement contract contains an arbitration
clause? 19. What happens to my claim if I file a lawsuit or counterclaim in court or initiate arbitration against the contractor? 20. What happens to my claim if the contractor sues me in court? 21. What happens to my claim if the contractor initiates arbitration? 22. What happens if I win the lawsuit or arbitration against the contractor? 23.
What is the Assignment of Judgment form? 24. What happens if the contractor wins a lawsuit or arbitration proceeding against me? 25. Why do some claims go to mediation? 26. What happens if
I choose not to go to mediation? 27. Does every claim involve a
hearing? 28. What happens at the hearing? 29. Does the
Commission represent me at the Guaranty Fund hearing? 30. How do I find more information about the Guaranty Fund process? 31. How do I find more information about the hearing process? 32. Do I need a lawyer at the hearing? 33. How long does a Guaranty
Fund hearing take? 34. What happens after the Guaranty Fund hearing? 35. What is an exceptions hearing? 36. What happens if neither party files an appeal? 37. What happens if a party files an appeal? 38. When do I get
paid? 39. What happens after I get paid? 40. What happens to the contractor if the Guaranty Fund pays an award? 41. Other
helpful Information What is the Maryland Guaranty Fund?What is the Guaranty Fund? The Maryland Home Improvement Commission administers a Guaranty Fund, which exists to reimburse homeowners for the actual loss caused by a licensed contractor who performed a home improvement job in an unworkmanlike, incorrect, or incomplete manner, or who abandoned a home improvement job.
What item's must be included on all real estate advertising in Maryland?Maryland law requires that all advertisements include your name (as listed on your pocket card) and the name of the company with which you are affiliated (not simply the company logo). Both names must be meaningfully and conspicuously placed in the ad.
Which of the following is true regarding claims made against the guaranty fund?Which of the following is true regarding claims made against the Guaranty Fund? They can only be made for actual monetary damages incurred.
What must Maryland sellers provide prospective buyers of homes built prior to 1978 in addition to the appropriate disclosure form?Sellers of homes built before 1978 must also provide buyers with an EPA pamphlet, "Protect Your Family From Lead In Your Home," give buyers 10 days to conduct a paint inspection or risk assessment for lead-based paint, and include a "lead warning statement" in the contract.
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