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Obtaining the License Attend licensing workshop (optional). Pass examination administered by PSI Examination prior to applying for license. Register trade name with Assessments and Taxation (410) 767-1330. Demonstrate financial solvency. Provide credit report. Provide certificate of liability insurance.
Maryland's Home Improvement Law requires that all contracts for home improvement work be in writing and signed by both the consumer and the business before work begins or any money is paid. Avoid any contractor whose contract does not have their name, address, and MHIC license number preprinted on the contract.
The exam is by computer and is two hours in length. The standard exam fee is $63.00. Upon successful completion of the examination, license applications will be sent to the applicant by the testing company. For examination applications, call 1-800-367-1565, e-mail ExamSchedule@psionline.com, or visit PSI's website.
REMEMBER The down payment cannot be more than $1,000 or 10 percent of the contract price, whichever is less, for a home improvement job or swimming pool, excluding finance charges. There are no exceptions for special-order materials.
Deposit and Payments A contractor cannot accept more than 1/3 of the contract price as a deposit and may not accept any payment until the contract is signed. The agreed upon price of the home improvement contract should be clearly stated.
A contractor cannot accept more than 1/3 of the contract price as a deposit, and may not accept any payment until the contract is signed. The agreed-upon price of the home improvement contract should be clearly stated. Beyond the initial deposit, the Home Improvement Law does not control the payment schedule.
A handyman working in Maryland will need a Home Improvement license from the Department of Labor, Licensing and Regulation. ing to the department website, this will cover additions or alterations, conversions, improvement, modernization, remodeling, repair or replacement of a residential building.
Providing deposits for contractors is a crucial?and normal?step in starting a renovation. Short answer: Yes.