{"data":{"id":"us-md/md.-code-business-regulation-8-411","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 8–411","heading":"","body":"(a) Except as provided in subsection (b) of this section, if the Commission pays a claim against the Fund based on an act or omission of a contractor, the Commission may suspend the contractor license until the contractor reimburses the Fund in full for:\n(1) the amount paid from the Fund; and\n(2) interest on that amount at an annual rate of at least 10%, as set by the Commission.\n(b) The Commission may not suspend the contractor license if the Commission finds that the contractor or management personnel of the contractor:\n(1) did not know of the wrongful conduct; or\n(2) could not prevent the violation.\n(c) Reimbursement of the Fund in full by a contractor, by itself, does not nullify or modify the effect of a disciplinary proceeding against a licensee.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=8-411","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"036cf33bc50347af8c2d4d146a3843ffa9b734015cba953cf426bac90326b49d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-8-410","next":"us-md/md.-code-business-regulation-8-501"},"notice":"GroundRules: Original legal text. Not legal advice."}