Maryland Guaranty by Individual - Complex

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Multi-State
Control #:
US-02520
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Word; 
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Description

This form states that for valuable consideration, the guarantor contracts and agrees with the lender, that the guarantor will pay, absolutely and unconditionally, the debt of the borrower.
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FAQ

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.

File a Complaint with the MHIC You can obtain a complaint form on the Maryland Home Improvement Commission (MHIC) website or by calling 410-230-6309 and asking that a complaint form be mailed to you. The MHIC will investigate your complaint.

A state guaranty fund is administered by a U.S. state to protect policyholders in the event that an insurance company defaults on benefit payments or becomes insolvent. The fund only protects beneficiaries of insurance companies that are licensed to sell insurance products in that state.

File a Complaint - Home Improvement Commission A complaint may be filed against a contractor or a salesperson. If violations of the Home Improvement Law are found after investigation, regulatory or criminal charges may be filed. There is no monetary award for homeowners in the complaint process.

To file a complaint, you can use our General Complaint Form: Click here to file a complaint online. Click here to print, complete, and send in the form. Call the Consumer Protection Division Hotline at (410) 528-8662 Mon. -Fri. 10am - 2pm.

Ten facts you need to know about unlicensed home improvement contractors: It is a crime to act as a home improvement contractor or salesperson in the State of Maryland without an MHIC license. An unlicensed contractor may have a criminal history of violent crimes or he may be on probation.

The Maryland Home Improvement Commission administers a Guaranty Fund, which exists to reimburse homeowners for the actual loss caused by a licensed contractor who performed a home improvement job in an unworkmanlike, incorrect, or incomplete manner, or who abandoned a home improvement job.

How do I file a complaint? The first step in the complaint process is to complete and sign a written complaint form. Complaint forms are available online, or by visiting the Commission. You may also call the Commission at 410-230-6231 or 1-888-218-5925 to request that a complaint form be mailed to you.

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Maryland Guaranty by Individual - Complex