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MN HF2474
Bill
Status
2/23/2012
Primary Sponsor
Rich Murray
Click for details
AI Summary
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Adds annual adjustment of contractor recovery fund fees according to the Consumer Price Index-All Urban Consumers, with adjustments made by the commissioner.
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Removes educational and research projects and public information purposes from the contractor recovery fund's stated purpose, limiting fund use to compensating homeowners and reimbursing the department for administrative expenses.
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Requires claimants to disclose all forms of remuneration or compensation received for losses, with the value deducted from final fund compensation.
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Allows the commissioner to request advice from a panel of qualified experts when reviewing and deciding contractor recovery fund claims.
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Repeals subdivision 16 of section 326B.89 and removes references to additional assessments in the license renewal fee provisions.
Legislative Description
Contractor recovery fund changes made.
Last Action
Introduction and first reading, referred to Commerce and Regulatory Reform
2/23/2012