Section 5-304 - Issuance of home builder registration number; authority conferred. - Maryland Statutes

§ 4.5-304. Issuance of home builder registration number; authority conferred.
 

(a)  In general.- The Unit shall register and issue a home builder registration number to an applicant for a home builder registration that: 

(1) meets the requirements of this title; and 

(2) pays to the Division an initial nonrefundable 2-year registration fee of $600. 

(b)  Not transferable.- A home builder registration issued under this title may not be transferred, assigned, or pledged. 

(c)  Authority of registrants.- A valid home builder registration authorizes the registrant to act as a home builder in the State. 

(d)  Authority of registrants - Montgomery County.-  

(1) 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. 

(2) A home builder that holds a license or registration in Montgomery County and is not registered under this title is subject to Subtitle 7 of this title. 

(3) (i) In addition to the county license or registration fee, a home builder that is required to hold a license or registration only in Montgomery County shall pay to the county a Guaranty Fund administrative fee of $150. 

(ii) The county shall remit the Guaranty Fund administrative fee to the Unit to be deposited in the Registration Fund. 
 

[2000, ch. 522; 2002, ch. 530; 2004, ch. 430, § 1; 2006, ch. 456; 2008, chs. 480, 481.]