Instrument Ground School – IRA Enroute Practice Exam

The Maryland Home Improvement Guaranty Fund is established to:

Provide grants for contractors to expand their businesses Compensate homeowners for actual losses caused by a licensed contractor's poor workmanship or failure to perform a contract Offer low-interest loans to homeowners for major renovations Fund educational programs for aspiring home improvement professionals

Correct Answer:

Compensate homeowners for actual losses caused by a licensed contractor's poor workmanship or failure to perform a contract

Explanation:

The Home Improvement Guaranty Fund is designed to compensate homeowners for actual losses incurred due to a licensed contractor's actions.

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