1. (a) The Unit shall register and issue a home builder registration number to an applicant for a home builder registration that:

   1. (1) meets the requirements of this title; and
   2. (2) pays to the Division an initial nonrefundable 2-year registration fee of $800.
2. (b) A home builder registration issued under this title may not be transferred, assigned, or pledged.
3. (c) A valid home builder registration authorizes the registrant to act as a home builder in the State.

4. (d)

   1. (1) A home builder that holds a license or registration in Montgomery County may act as a home builder in that county only, unless the home builder is also registered under this title.
   2. (2) A home builder that holds a license or registration in Montgomery County and is not registered under this title is subject to Subtitle 7 of this title.

   3. (3)

      1. (i) In addition to the county license or registration fee, a home builder that is required to hold a license or registration only in Montgomery County shall pay to the county a Guaranty Fund administrative fee of $250.
      2. (ii) The county shall remit the Guaranty Fund administrative fee to the Unit to be deposited in the Registration Fund.

Added by Acts 2000, c. 522, § 1, eff. Jan. 1, 2001. Amended by Acts 2002, c. 530, § 1, eff. Jan. 1, 2003; Acts 2004, c. 430, § 1, eff. June 1, 2004; Acts 2006, c. 456, § 1, eff. Oct. 1, 2006; Acts 2008, c. 480, § 1, eff. Oct. 1, 2008; Acts 2008, c. 481, § 1, eff. Oct. 1, 2008; Acts 2016, c. 705, § 1, eff. Oct. 1, 2016; Acts 2016, c. 706, § 1, eff. Oct. 1, 2016.