Connecticut Specific Guaranty

State:
Multi-State
Control #:
US-1340743BG
Format:
Word; 
Rich Text
Instant download

Description

A guarantee which is given for only one transaction or debt, the guarantee is known as a Specific Guarantee. A specific guarantee is said to be discharged when the debt is repaid or the promise is performed.
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FAQ

If you're performing more than $1,000 worth of contracting work annually (or doing a single job worth more than $200), you will have to carry a license or register your business with the State of Connecticut.

Email to: dcp.complaints@ct.gov. Fax to: 860-707-1966. Mail to: Department of Consumer Protection. 450 Columbus Blvd, Suit 901. Hartford, CT 06103. Complaint Forms and Procedures - CT.gov ct.gov ? DCP ? Complaint-Center ? Compla... ct.gov ? DCP ? Complaint-Center ? Compla...

A major contractor means (1) any person engaged in the business of construction, structural repair, structural alteration, dismantling or demolition of a structure or addition that exceeds the threshold limits provided in section 29-276b of the Connecticut General Statutes, or (2) any person who, under the direction of ...

You must apply to the Guaranty Fund within two years after you receive the court judgment against your contractor. For Federal or Superior Court judgments, you must have tried to collect the money owed you by means of a marshal's ?writ of execution,? and were unsuccessful in that attempt. Home Improvement Guaranty Fund - CT.gov CT.gov ? Consumer-Facts-and-Contacts CT.gov ? Consumer-Facts-and-Contacts

The Real Estate Guaranty Fund, administered by the Department of Consumer Protection, can reimburse consumers who suffer financial losses in unscrupulous real estate transactions. Real Estate Guaranty Fund - CT.gov CT.gov ? Consumer-Facts-and-Contacts CT.gov ? Consumer-Facts-and-Contacts

A "home improvement salesperson" (HIS) is defined in Business and Professions Code (BPC) section 7152 as a person who is employed by a licensed contractor to solicit, sell, negotiate or execute contracts for which home improvements may be performed, a swimming pool, hot tub or spa constructed, or home improvement goods ...

Handymen do not need a state license to work in Connecticut. However, if you consider yourself a home improvement contractor who creates permanent changes to a residential property, you'll need to register with the Department of Consumer Protection.

Home Improvement Contractor. Under the Connecticut Home Improvement Act, an individual and/or business is required to register with the Department of Consumer Protection if they are contracting with a consumer to perform work on residential property. Home Improvement Applications - CT.gov ct.gov ? DCP ? All-License-Applications ct.gov ? DCP ? All-License-Applications

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Connecticut Specific Guaranty