Bill > S2389

This bill, known as the FRAUD Act, aims to facilitate restitution against unfinished development projects. The key provisions of the bill are: 1. It requires the director of the relevant regulatory authority to check if an applicant for a contractor license or license renewal has any convictions for gross fraud or cheat, as defined in the state's criminal code, and to consider that information when making a decision on the application. 2. It increases the maximum fine for certain violations of the state's contractor licensing law from $10,000 to $30,000. 3. It adds "engaging in gross fraud or cheat" as a grounds for disciplinary action against licensed contractors. The bill is intended to provide additional protections for consumers against unscrupulous contractors who fail to complete development projects as promised.