§ 8-411. Disciplinary proceedings

   (a) Suspension of license. -- Except as provided in subsection (b) of this section, if the Commission pays a claim against the Fund based on an act or omission of a contractor, the Commission may suspend the contractor license until the contractor reimburses the Fund in full for:

   (1) the amount paid from the Fund; and

   (2) interest on that amount at an annual rate of at least 10%, as set by the Commission.

(b) Exception. -- The Commission may not suspend the contractor license if the Commission finds that the contractor or management personnel of the contractor:

   (1) did not know of the wrongful conduct; or

   (2) could not prevent the violation.

(c) Effect of reimbursement of Fund. -- Reimbursement of the Fund in full by a contractor, by itself, does not nullify or modify the effect of a disciplinary proceeding against a licensee.

HISTORY: An. Code 1957, art. 56, § 257G, 258; 1992, ch. 4, § 2.