Contractor Fees to the Guaranty Fund

(1) Registrant Fees. Every person registered under M.G.L. c. 142A as a home improvement contractor, or subcontractor shall pay a fee to the Guaranty Fund with their application for registration. (2) Fee Amounts. The amount of the fee shall be determined on a sliding scale based upon the number of persons in the registrant's employ at the time of the application as follows: Number of Employees Guaranty Fund Contribution less than four $100 four to ten $200 11 to 30 $300 more than 30 $500 Fee Refunds. If OCABR denies an initial application for registration, the registrant's payment to the Guaranty Fund shall be refunded. (4) Presumption against Multiple Fees. No registrant shall be required to pay the Guaranty Fund fee more than once unless the fund administrator makes a determination that the amount of the fund is insufficient to maintain it at a level commensurate with claims made against it. (5) Annual Fee Limitation. No registrant shall be required to pay the Guaranty Fund fee more than once in any 12-month period. (6) Additional Assessments. If the Fund Administrator determines that the amount of the fund is insufficient to maintain it at a level commensurate with claims made against it, after a public hearing and upon consultation with the Fund Administrator each registrant may be assessed an appropriate fee which shall not exceed the amount of the registrant's original assessment. (7) Suspension for Non-payment. The Fund Administrator shall recommend that the registrant's registration be suspended if the registrant fails to pay the required assessment to the Guaranty Fund within 30 days of submittal of registration application or notification of a reassessment, pursuant to 201 CMR 18.04(1)(a). (8) Administrative Penalties. Administrative penalties assessed for violations of anyprovisions of M.G.L. c. 142A committed by registrants or unregistered contractors shall be deposited into the Guaranty Fund. See 201 CMR 18.04(1): Administrative Penalties.