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sc-supplementSC State Supplementmedium

A homeowner hired an unlicensed contractor who abandoned the job. Under SC law, what is the maximum amount the Recovery Fund will pay for this claim?

Correct Answer

D) $40,000

The South Carolina Residential Builders Recovery Fund has a maximum payout of $40,000 per claim for damages caused by licensed contractors or unlicensed persons acting as contractors.

Answer Options
A
$50,000
B
$15,000
C
$25,000
D
$40,000

Why This Is the Correct Answer

The South Carolina Residential Builders Recovery Fund has a maximum payout of $40,000 per claim for damages caused by licensed contractors or unlicensed persons acting as contractors.

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