{"data":{"id":"us-md/md.-code-business-regulation-4.5-302","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 4.5–302","heading":"","body":"(a) Each person that constructs new homes for sale to the public shall maintain general liability insurance for at least $100,000.\n(b) If a home builder’s registration has been revoked and the home builder applies for a new registration, the Unit shall, in its discretion, approve the application on the applicant’s fulfillment of specified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, suppliers, and consumers, and the payment of any judgments or awards due to any subcontractors, 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.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=4.5-302","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"545db9eadae27957fbff68edd6bfb695076a7d03f313226d9124ab298606f9bb","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-4.5-301","next":"us-md/md.-code-business-regulation-4.5-303"},"notice":"GroundRules: Original legal text. Not legal advice."}