S2533 Contractors Registration Act is a proposed piece of legislation concerning the requirements of residential general contractors and home renovators. This law aims to better protect the consumer while also updating regulations to ensure contractors are fully covered while completing jobs in a safe and legal manner.
S2533 seeks to:
- Require contractors to carry a bond amounting to a minimum of 50,000 dollars to provide restitution in the event of a violation of “Contractor’s Registration Act”
- Rewrite the contractor’s “notice to consumer” regarding the work agreed to be completed with the intention of allowing the consumer a better understanding of state regulation and easier avenue to cancel the work
- Ensure contractors complete jobs by creating a series of fines of up to 20,000 dollars
Billy Hoffer Contributed to this Alert