Mhic exam study - Study guides, Class notes & Summaries

MHIC Study Guide Final Exam 2024 A contractor must pay ________ to the gauaranty fund? - CORRECT ANSWER-10% Unlicensed contractor homeowner receives how much for work - CORRECT ANSWERNothing because unlicensed Filing a complaint is a way to receive compensation for a homeowner - CORRECT ANSWER-False Gauaranty fund exceeds 100,000 commission will do what - CORRECT ANSWER-Pro rate the claims so claimant receives the same amount Renew for sales person - CORRECT ANSWER-$100 Contractor has...

MHIC NASCLA Study Guide/State Exam Q&A 2024 How long does a claimant have to bring a claim against the guaranty fund? - CORRECT ANSWER-3 years from discovery of the loss or damage How many days does a contractor have to respond in writing to the copy of claim that was sent by the commission? - CORRECT ANSWER-10 days If within ________ after the commission gives notice , a contractor on whose amount a claim was paid does not reimburse the fund in full, the commission may sue the contr...

MHIC EXAM COMPLETE FINAL STUDY GUIDE 2024 How many licenses are there? - CORRECT ANSWER-2 Contractor and Sub-Contractor Who can request a Mechanics Lien? - CORRECT ANSWER-Contractor or SubContractor How many days do you have to issue a Mechanics Lien - CORRECT ANSWER-180 Days How many days do you have to issue a notice of a Mechanics Lien? - CORRECT ANSWER-120 days What is the % of value must the property have before you are eligible to issue a ML? - CORRECT ANSWER-15% How many day...

MHIC EXAM Questions And Answers | 2024 Verified Study Updates MHIC EXAM Questions And Answers | 2024 Verified Study Updates

MHIC EXAM COMPLETE FINAL STUDY GUIDE 2024 How many licenses are there? - CORRECT ANSWER-2 Contractor and Sub-Contractor Who can request a Mechanics Lien? - CORRECT ANSWER-Contractor or SubContractor How many days do you have to issue a Mechanics Lien - CORRECT ANSWER-180 Days How many days do you have to issue a notice of a Mechanics Lien? - CORRECT ANSWER-120 days What is the % of value must the property have before you are eligible to issue a ML? - CORRECT ANSWER-15% How many day...

MHIC Study Guide Final Exam 2024 A contractor must pay ________ to the gauaranty fund? - CORRECT ANSWER-10% Unlicensed contractor homeowner receives how much for work - CORRECT ANSWERNothing because unlicensed Filing a complaint is a way to receive compensation for a homeowner - CORRECT ANSWER-False Gauaranty fund exceeds 100,000 commission will do what - CORRECT ANSWER-Pro rate the claims so claimant receives the same amount Renew for sales person - CORRECT ANSWER-$100 Contractor has...

MHIC Study set Exam 2024 Q&A Verified Which title is the Home Improvement law contained in? - CORRECT ANSWER-Title 8 of the Business Regulation Article of the Annotated Code of Maryland. How many sections or subtitles is the law divided into? What are they? - CORRECT ANSWER-8 sections. 1. Definitions and Jurisdiction. 2. The Commission. 3. Licensing and Disciplinary Actions. 4. The Guaranty Fund. 5. Home improvement contracts and miscellaneous provisions. 6. Prohibited acts and penal...

MHIC EXAM Questions And Answers | 2024 Verified Study Updates MHIC EXAM Questions And Answers | 2024 Verified Study Updates

MHIC NASCLA Study Guide/State Exam Q&A 2024 How long does a claimant have to bring a claim against the guaranty fund? - CORRECT ANSWER-3 years from discovery of the loss or damage How many days does a contractor have to respond in writing to the copy of claim that was sent by the commission? - CORRECT ANSWER-10 days If within ________ after the commission gives notice , a contractor on whose amount a claim was paid does not reimburse the fund in full, the commission may sue the contr...