The Guaranty Fund

Massachusetts has a wonderful resource for homeowners who have obtained judgments against contractors. If the contractor does not pay the judgment after the homeowner makes a reasonable effort to collect, or if the contractor flees the jurisdiction or the contractor files for bankruptcy, the Office of Consumer Affairs and Business Regulation (OCABR) administers a fund that will pay up to $10,000.00 of the homeowner'(s) damages. The homeowner must apply for the fund within six months of obtaining a judgment. For some homeowners, this will fully satisfy their claim. For others, it will help cover the cost of litigation. Once the money is paid out from the fund, the OCABR goes after the contractor for reimbursement. Check in your state to see if this type of resource is available.

Comments

Anonymous said…
What is considered a reasonable effort to collect?
11:03 PM
Anonymous said…
To be a adroit human being is to from a make of openness to the in the seventh heaven, an skill to group uncertain things beyond your own restrain, that can govern you to be shattered in hugely outermost circumstances pro which you were not to blame. That says something very weighty relating to the prerequisite of the honest life: that it is based on a trust in the unpredictable and on a willingness to be exposed; it's based on being more like a weed than like a sparkler, something fairly fragile, but whose very special attraction is inseparable from that fragility.
11:18 AM
Anonymous said…
In every tom's life, at some pass‚, our inner foment goes out. It is then burst into flame by an face with another benign being. We should all be glad quest of those people who rekindle the inner inclination
4:45 PM
price per head said…
It was nice visiting your blog. There are some interesting and useful things have been shared her
10:22 PM
Image Editing Services said…
Thanks for sharing this amazing article. I like it very much.

car photo editing
6:06 AM
Post a Comment

Popular posts from this blog

Worker's Compensation Information Available Online At the Massachusetts Department of Labor Website

Image
Mark Paskell first posted this at his blog,  http://www.thecontractorcoachingpartnership.com/Blog-Contractor-Coaching--Construction-Business-Coach-EPA-RRP-Lead-Rule/ , but I think it is so important that I wanted to post here as well.  Make sure all of your contractors have worker's compensation policies if they have employees.  If not, you may be held accountable if someone gets injured on the job.  Bravo to the government of MA for making this information available to the public. Here is a brief excerpt from the Massachusetts Department of Labor website;                                       Patrick - Murray Administration Launches  Free Web-Based Tool Will help Public Verify if Businesses have Workers Compensation Insurance Policy Boston, MA - The Executive Office of Labor and Workforce Development (EOLWD)...
Read more

The Lead-Based Paint Renovation, Repair and Painting Law Goes Went Into Effect on April 22, 2010

Homeowners who are considering doing a renovation must know that if their homes were built prior to 1978, their contractors are required to follow certain procedures if they are going to disturb more than 6 interior square feet of paint or 20 exterior square feet of paint.  This law requires that the general contractor must become certified with the Environmental Protection Agency (EPA), and that the contractor himself take an eight-hour class in order to become a certified renovator and learn lead-safe practices that contain lead dust. Although the EPA claims that it will be doing a publicity campaign to inform homeowners about the Renovation, Repair and Painting Rule (RRP Rule), I have heard very little about it outside of construction circles.  So, I feel that it is important for me as a construction lawyer to educate the public about this rule. First of all, the preparation and education needed to comply with the law are going to cost the contractors more money.  T...
Read more