HOUSE BILL 360

Sponsored By:

Delegate Proctor

Entitled:

Home Builders - Performance Bonds

Synopsis:

Requiring home builders to post a performance bond to cover expenses incurred by the owner of a new home if the home builder fails to complete the new home or if there is extreme delay in the completion of the new home; and requiring the Consumer Protection Division of the Office of the Attorney General to adopt regulations to administer these provisions.

History by Legislative Date

House Action

1/31

First Reading Economic Matters

Hearing 2/6 at 1:00 p.m.

4/9

Unfavorable Report by Economic Matters

Senate Action

No Action

Bill indexed under the following Subjects:

ATTORNEY GENERAL

BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.

CONSTRUCTION

CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES

CONTRACTORS -see also- HEATING & COOLING; HOME IMPROVEMENT

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

RULES AND REGULATIONS

Bill affects the following Statute:

Business Regulation

( 4.5-302 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered