MHIC EXAM 7 Questions with all the correct answers (Latest updated questions and answers)
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Course
MHIC 7
Institution
MHIC 7
A homeowner and a contractor prepare a false Certificate of Completion to
present to the contractor's bank to obtain additional credit. If convicted. what is
the maximum penalty for this violation of the Home Improvement Act
A. A $5,000 fine and 3 years of imprisonment for the contractor.
B. ...
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MHIC EXAM 7
A homeowner and a contractor prepare a false Certificate of Completion to
present to the contractor's bank to obtain additional credit. If convicted. what is
the maximum penalty for this violation of the Home Improvement Act
A. A $5,000 fine and 3 years of imprisonment for the contractor.
B. A $3,000 fine and 5 years of imprisonment for the owner.
C. $1,000 fine and 6 months of imprisonment for the contractor and the owner.
D. Recall of the loan agreement and disbursed funds, plus 10% interest.
A. A $5,000 fine and 3 years of imprisonment for the contractor.
What is the penalty if someone is found performing a Home Improvement
without a MHIC License for the second time?
A. A $10,000 fine.
B. A $1,000 fine or imprisonment not exceeding 30 days or both.
C. A fine of up to $5,000 or I presentment not exceeding 3 years or both.
D. A fine of up to $5,000 or I'm resentment not exceeding 2 years or both.
D. A fine of up to $5,000 or I'm resentment not exceeding 2 years or both.
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, Upon conviction, what is the criminal penalty for advertising that one is licensed
without stating the MHIC License number in the ad?
A. A fine of $300.
B. A fine of up to 1,000 and/or imprisonment not exceeding 6 months
C. 1-year imprisonment.
D. A fine of $10,000.
B. A fine of up to 1,000 and/or imprisonment not exceeding 6 months
A mold remediation services licensee must be covered by an insurance of at
least:
A. $50,000.
B. $100,000.
C. $200,000.
D. $1,000,000.
D. $1,000,000.
Who signs a Home Improvement contract? A. The Contractor and the
Subcontractor.
B. The Homeowner.
C. The Contractor, the Homeowner, and the Salesperson.
D. None of the above
C. The Contractor, the Homeowner, and the Salesperson.
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