Bill Summary: SB00182

• Changes new home construction contractor applications from written to online submissions effective July 1, 2021, and reduces application fees from $240 to $120.

• Requires new home construction contractors to maintain general liability insurance of at least $600,000 and mandates written contracts with specific provisions including contractor registration numbers, start/completion dates, and disclosure of owner's prior business entities for the past five years.

• Establishes the New Home Construction Guaranty Fund with biennial fees of $480 per contractor; consumers can claim up to $30,000 from the fund for unpaid judgments or restitution orders against contractors within two years of the contract date.

• Changes certificate expiration from biennial to annual (March 31) for both new home construction and home improvement contractors, effective July 1, 2021.

• Removes the requirement for guaranty fund reimbursement as grounds for certificate revocation for both new home construction contractors (effective March 31, 2025) and home improvement contractors, while maintaining other enforcement mechanisms.