Social Sciences Law
MHIC NASCLA Contractors Guide
MHIC NASCLA CONTRACTORS
EXAM Latest Questions
and Verified Answers 100% Grade
A+
How long does a claimant 3 years from discovery of the loss or damage
have to bring a claim
against the guaranty
fund?
How many days does a 10 days
contractor have to
respond in writing to the
copy of claim that was
sent by the commission?
, If within after the 60 days
commission gives
notice , a contractor on
whose amount a claim
was paid does not
reimburse the fund in
full, the commission
may sue the contractor
for reimbursement.
In addtion to full 10 %
reimbursement of the
fund, a contractor is
responsible to pay at
least _ interest on the
amount to
reimburse.
The state can record a True
lien against any real
property owners by the
contractor for a
debt owed to the fund
If the commission pays True
a claim from the fund
base on the actions or
omissions of a
contractor, the
commission may
suspend the
contractors license
until full
reimbursement of the
fund plus at least
10%interest
MHIC NASCLA Contractors Guide
MHIC NASCLA CONTRACTORS
EXAM Latest Questions
and Verified Answers 100% Grade
A+
How long does a claimant 3 years from discovery of the loss or damage
have to bring a claim
against the guaranty
fund?
How many days does a 10 days
contractor have to
respond in writing to the
copy of claim that was
sent by the commission?
, If within after the 60 days
commission gives
notice , a contractor on
whose amount a claim
was paid does not
reimburse the fund in
full, the commission
may sue the contractor
for reimbursement.
In addtion to full 10 %
reimbursement of the
fund, a contractor is
responsible to pay at
least _ interest on the
amount to
reimburse.
The state can record a True
lien against any real
property owners by the
contractor for a
debt owed to the fund
If the commission pays True
a claim from the fund
base on the actions or
omissions of a
contractor, the
commission may
suspend the
contractors license
until full
reimbursement of the
fund plus at least
10%interest
