Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 09. Maryland Department of Labor |
Subtitle 08. HOME IMPROVEMENT COMMISSION |
Chapter 09.08.01. General Regulations |
Sec. 09.08.01.20. Interest on Guaranty Fund Repayments
Latest version.
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A contractor required to repay the Guaranty Fund pursuant to Business Regulation Article, § 8-410(c), Annotated Code of Maryland, shall repay the amount paid from the Fund on the contractor's account plus interest at the rate of 10 percent per annum simple interest.