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SECTION 40-11-262. Surety bonds in lieu of providing financial statements.
Section 16-13-510 - "Financial identity fraud" and "identifying information" defined; penalty and restitution. (A) It is unlawful for a person to commit the offense of financial identity fraud or identity fraud.
Residential specialty contractors must register with the Residential Builders Commission. Specialty contractors work on any of the following: vinyl/aluminum siding, floor covering, carpentry, insulation installing, masonry, stucco installation, roofing, drywall installation, painting, and solar panel installation.
Section 40-59-25. Roofing contract cancellation for insurance coverage denial.
The Right to Cure Act is a product of the South Carolina Legislature, which decided that some construction lawsuits might be avoided if the homeowner was first required to give the contractor notice of the alleged defect and to give that contractor the right to fix, or ?cure? the problem.
State law requires residential construction to be done by licensed residential builders and specialty contractors. You have applied for a permit under an exemption to that law. The exemption allows you, as the owner of your property, to act as your own builder even though you do not have a license.
South Carolina contractors should know that owners have up to eight years to bring forth construction litigation for a defect. This timeframe can also be extended to 10 years in cases that involve a defective design by an architect.
Code Ann. §40-59-810-860, homeowners have 90 days to notify the construction company in writing of any defects found on their property that appear to have originated during construction or work. The construction company then has 30 days to offer a financial settlement or to repair the defect themselves, free-of-cost.