Connecticut Senate Bill SB00189

Connecticut 2021 Regular Session

• Introduced: 1/22/21
• Refer: 1/22/21

Caption

An Act Concerning New Home Construction Contractors And Home Improvement Contractors.

Impact

The proposed changes to the law would significantly modify the operational landscape for home construction and improvement contractors. By raising the annual contribution to the guaranty fund from $480 biennially to $340 annually, the bill aims to increase funding available for consumer protection. The payout cap for the home improvement contractor's fund will also rise from $15,000 to $25,000, thus providing greater financial recourse for consumers who experience issues with contractors. This enhancement is expected to promote higher standards and accountability among contractors in the state.

Summary

SB00189 aims to amend the current regulations regarding new home construction and home improvement contractors in the state. The bill introduces several key provisions intended to streamline the contracting process while enhancing consumer protection. It mandates that contractors register annually online, allowing them to modify their business details without incurring fees. Additionally, the bill specifies that contracts must include clear terms on financing charges to protect consumer interests. These changes are anticipated to simplify regulatory compliance while helping to ensure that consumers are better informed about their contracts with contractors.

Contention

Despite the potential benefits, there are notable points of contention regarding the bill. Critics may argue that increased fees and regulatory hurdles could hinder small contractors and reduce competitiveness in the market. Moreover, the proposed definitions and expansions of contractor responsibilities may lead to confusion or unintentional non-compliance among less experienced professionals. Therefore, while the intent of the bill to centralize and improve regulations may be seen as positive, industry stakeholders will be concerned about its practical implications on contractor operations.