HOUSE DOCKET, NO. 2674 FILED ON: 1/21/2011 HOUSE . . . . . . . . . . . . . . . No. 1891 The Commonwealth of Massachusetts _________________ PRESENTED BY: Michael F. Kane _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled: The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act relative to partial payments. _______________ PETITION OF: Name: | District/Address: | Michael F. Kane | 5th Hampden |
HOUSE DOCKET, NO. 2674 FILED ON: 1/21/2011 HOUSE . . . . . . . . . . . . . . . No. 1891 By Mr. Kane of Holyoke, a petition (accompanied by bill, House, No. 1891) of Michael F. Kane relative to home improvement contractors furnishing performance and payment bonds. Consumer Protection and Professional Licensure. |
The Commonwealth of Massachusetts
An Act relative to partial payments.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1: Section 2(a) of Chapter 142A of the General Laws is herby amended following subparagraph (6) by inserting the following new subparagraph:- “(7) A contractor furnishing a performance and payment bond, lien and/or completion bond, or a bond equivalent approved by the registrar covering full performance and payment is exempt from subparagraph (6) and need not include as part of the contact, the statement regarding the time schedule of payments specified in subparagraph (6). A contractor furnishing such bon and/or bond equivalent as approved by the registrar may accept payment prior to completion.” |
