(a) A registered new home builder or new home seller may apply to renew their registration before the current registration expires by:
(1) submitting a completed renewal application;
(2) paying the required renewal fee; and
(3) making a payment to the Maryland Home Builder Guaranty Fund as required under State law.
(b) At least 60 days before a new home builder or new home seller registration is set to expire, the Office must send written notification to the registrant. This notice must contain:
(1) a renewal application form or online link to the renewal form;
(2) the date on which the current registration expires;
(3) the date by which the Office must receive the renewal application; and
(4) information regarding the required fees associated with the renewal.
(c) A registrant must submit a completed renewal application to the Office no later than 30 days before the registration is set to expire.
(d) The Director may request that the Board review any renewal application to ensure the applicant continues to meet the criteria in Section 31C-5.
(e) By the date on which a registration is set to expire, the Director must send the applicant written notification of the Board’s recommendation, if any, and the Director’s final action regarding renewal of a registration. If the Director fails to notify the applicant by this date, the renewal application is deemed approved.
(f) If the applicant is denied registration approval, the Director must send the applicant written notification of the denial and the reasons for the denial.
(g) A renewal registration is valid for 2 years. (, §1; , §1.)
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