Maryland Code, BUSINESS REGULATION 8-617
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, BUSINESS REGULATION 8-617
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) A person may not demand or receive any payment for a home improvement before the home improvement contract is signed.
(b) A person may not receive a deposit of more than one-third of the home improvement contract price before or at the time of execution of the home improvement contract.