Legislation Expected In House of Delegates to Increase the Amount for Claims Against the Home Builder Guaranty Fund

House Bill 154 is expected to propose an increase to $7,500 as the maximum amont that the Consumer Protection Division of the Attorney General’s Office may order to be paid¬†from the Maryland Homebuilder Guaranty Fund on a homeowner’s claim.¬† The proposed legislation would also increase the time to 60 days in which the Consumer Protection Division can bring an action against a homebuilder who fails to reimburse the Fund on a claim paid following notice.