MHIC NASCLA Contractors Guide - Questions and Answers

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MHIC NASCLA Contractors Guide - Questions and Answers How long does a claimant have to bring a claim against the guaranty fund? 3 years from discovery of the loss or damage How many days does a cont ... ractor have to respond in writing to the copy of claim that was sent by the commission? 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 contractor for reimbursement. 60 days In addition to full reimbursement of the fund, a contractor is responsible to pay at least _________interest on the amount to reimburse. 10% The state can record a lien against any real property owners by the contractor for a debt owed to the fund True If the commission pays a claim from the fund base on the actions or omissions of a contractor, the commission may suspend the contractor’s license until full reimbursement of the fund plus at least 10%interest True A home improvement contract in compliance with the home improvement laws would include all of the following except Names and license numbers of subcontractors A salesperson may not represent 2 contractors at the same time for the same project. True Can a sales person legally accept money for themselves from the customer? No It is against the law for building and permits departments to issue a permit to contractor without the contractor’s license number. True If a contractor fails to correct violation of the building code within reasonable time period, the county or municipality inspecting the project shall notify the commission True [Show More]

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