Bill > H231

This bill amends Section 2(a) of Chapter 142A of the Massachusetts General Laws to regulate residential contracting agreements. The key provisions include: (1) limiting the amount of deposit required under a contract to the greater of one-third of the total contract price or the actual cost of any special order or custom-made materials or equipment, except for contractors who provide a performance and payment bond of at least $2 million; (2) prohibiting any final payment demand until the contract is completed to the satisfaction of the parties; and (3) classifying any violation of these provisions as an unfair or deceptive act under the state's consumer protection law, Chapter 93A.

Labor and Employment

https://malegislature.gov/Bills/191/H231