{"data":{"id":"us-md/md.-code-business-regulation-4.5-712","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 4.5–712","heading":"","body":"(a) If the Division pays a claim against the Guaranty Fund based on an act or omission of a registrant, the Division may suspend the home builder registration until the registrant reimburses the Fund in full for:\n(1) the amount paid from the Guaranty Fund; and\n(2) interest on that amount at a rate determined by the Division so as not to exceed the legal rate of interest on a judgment in place at the time a claim is approved.\n(b) Reimbursement of the Guaranty Fund in full by a registrant, by itself, does not nullify or modify the effect of a disciplinary proceeding against a registrant.\n(c) If a home builder holds a license or registration in Montgomery County, the county may suspend the license as provided in this section.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=4.5-712","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"f8ea0ac094767249361807fc6c225c6322d871cf40fae233a8460a770d61bb94","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-4.5-711","next":"us-md/md.-code-business-regulation-4.5-801"},"notice":"GroundRules: Original legal text. Not legal advice."}