Maryland § 17-410
Full text of Maryland Maryland Code § 17-410, with citation guidance and answers to common questions.
§ 17-410.
(a) The Commission shall order payment of a claim by the Guaranty Fund if, on the hearing, the claimant:
(1) proves that the claimant has a valid claim under this subtitle; and
(2) presents evidence, satisfactory to the Commission, that the claimant is not:
(i) the spouse of the licensee or the unlicensed employee alleged to be responsible for the act or omission giving rise to the claim; or
(ii) the personal representative of the spouse of the licensee or the unlicensed employee alleged to be responsible for the act or omission giving rise to the claim.
(b) (1) The Commission may order payment by the Guaranty Fund only for the actual monetary loss suffered by the claimant as a result of the claim proven by the claimant.
(2) For any claim, the Commission may not order a payment by the Guaranty Fund of more than $50,000.
(c) A payment may not be made by the Guaranty Fund under an order of the Commission until:
(1) the expiration of the time provided under Title 10, Subtitle 2 of the State Government Article for seeking judicial review of the Commission’s order; or
(2) the expiration of any judicial stay of the order of the Commission.
(d) The Commission shall order payment of each claim due in the order in which the claim was awarded.
(e) If, at the time a payment is due, the money in the Guaranty Fund is insufficient to satisfy fully the order for payment, the Commission:
(1) immediately shall pay to the claimant the amount that is available in the Guaranty Fund; and
(2) when sufficient funds are available in the Guaranty Fund, shall pay the claimant:
(i) the balance due on the order; plus
(ii) interest calculated on that balance at an annual rate of 10%.
Frequently Asked Questions About Maryland § 17-410
What does Maryland Code § 17-410 cover?
Section 17-410 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 17-410?
A common citation format is "Maryland Code § 17-410" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 17-410 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.