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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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BUSINESS REGULATION |
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TITLE 8. HOME IMPROVEMENT |
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SUBTITLE 6. PROHIBITED ACTS; PENALTIES |
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PART II. MISCELLANEOUS PROHIBITED ACTS |
§ 8-617. Payment before signing contract; deposit limited
Latest version.
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(a) Payment before signing contract. -- A person may not demand or receive any payment for a home improvement before the home improvement contract is signed.
(b) Deposit limited. -- 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.