Contracts & ExecutionQuestion 722 of 1605
In addition to the contract price, a home improvement contract that includes a finance charge must separately disclose:
a.The dollar amount of the finance charge
b.The homeowner's credit score
c.The contractor's profit margin
d.The subcontractors' hourly rates
Explanation
B&P §7159 requires the contract to state the total contract price and, if financing is involved, to disclose the amount of any finance charge separately from the cash price.
Law Reference: B&P §7159(c)Practice all 1605 questions free — no signup required.
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