201 CMR, § 14.19 - Contractor Fees to the Guaranty Fund
(1)
Registrant Fees . Every person registered under M.G.L. c.
142A as a home improvement contractor , or subcontractor shall pay a fee to the
Guaranty Fund with his or her application for registration.
(2)
Fee Amounts . The
amount of the fee shall be determined on a sliding scale based upon the number of
persons in the registrant 's employ at the time of the application as follows:
|
Number of Employees |
Guaranty |
|
less than four |
$100 |
|
four to ten |
$200 |
|
11 to 30 |
$300 |
|
more than 30 |
$500 |
(3)
Fee Refunds . If the home improvement contractor
registration authority denies an application for registration, the registrant 's
payment to the Guaranty Fund shall be refunded.
(4)
Presumption Against Multiple
Fees . No registrant shall be required to pay the Guaranty Fund fee
more than once unless the fund administrator makes a determination that the amount
of the fund is insufficient to maintain it at a level commensurate with claims made
against it.
(5)
Annual Fee
Limitation . No registrant shall be required to pay the Guaranty Fund
fee more than once in any 12 month period.
(6)
Additional
Assessments . If the Fund Administrator determines that the amount of
the fund is insufficient to maintain it at a level commensurate with claims made
against it, after a public hearing and upon consultation with the Fund Administrator
each registrant may be assessed an appropriate fee which shall not exceed the amount
of the registrant 's original assessment.
(7)
Suspension for
Non-payment . The Fund Administrator shall recommend that the
registrant 's registration be suspended if he or she fails to pay the required
assessment to the Guaranty Fund within 30 days of submittal of registration
application or notification of a reassessment, pursuant to
201 CMR
18.04(2)(a).
(8)
Administrative
Penalties . Administrative penalties assessed for violations of any
provisions of M.G.L. c. 142A committed by registrants or unregistered contractors
shall be deposited into the Guaranty Fund . See
201 CMR 18.04(1)
and (2).
Notes
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