Business Regulation - Home Improvement Contracts - Deposits

Summary

HB 1499 changes Maryland law so contractors can collect up to 50% of a home‑improvement contract price as a deposit before or at signing, instead of the current 33%. It applies to any person who enters into a home‑improvement contract with a homeowner. The change is intended to give contractors more flexibility in securing funds while still limiting the amount homeowners must pay up front.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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