An Act To Protect Consumers By Licensing Residential Building Contractors

LD 1226 establishes a Residential Construction Board under Maine's Department of Professional and Financial Regulation to license residential building contractors. The bill requires contractors to be licensed and sets key consumer protections, including limiting initial down payments to no more than one-third of the total contract price and ensuring no more than 85% of the total price is paid before work is substantially complete. This directly affects residential contractors who must now obtain a license and consumers hiring them for home construction, renovation, or repair projects. The Board will also develop additional industry rules through the rulemaking process, focusing on safety and consumer transparency.