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MHIC NASCLA Contractors Guide Questions With Correct Answers.

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2024/2025 Written for academic year
Institution MHIC NASCLA
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MHIC NASCLA Contractors Guide Questions With Correct Answers.

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MHIC
NASCLA
/




Contractors
/




Guide Questions With Correct Answers
/ / / / /




How
/long /does /a /claimant /have /to /bring /a /claim /against /the /guaranty /fund? /- /verified /answer(s)-


✔✔3 /years /from /discovery /of /the /loss /or /damage



How
/many


/days


/does /


a
/contractor


/have


/to


/respond


/in /writing /to /the /copy /of /claim /that /was /sent /by /the /commission? /- /verified /answer(s)-


✔✔10 /days



If
/within


/________


/after


/the


/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. /- /verified /answer(s)-


✔✔60 /days



In
/addtion


/to


/full


/reimbursement


/of


/the


/fund, /


a
/contractor


/is


/responsible


/to /pay /at /least /_________interest /on /the /amount /to /reimburse. /- /verified /answer(s)-✔✔10 /%




The
/state


/can


/record /


a
/lien


/against

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